Use the Following Scenario to Answer the Following Questions

question 118

Multiple Choice

Use the following scenario to answer the following questions:
Natasha can produce either 5,000 pounds of cheese or 20 houses per year.Jameson can produce either 5,000 pounds of cheese or 10 houses per year.
-Natasha's opportunity cost of producing one pound of cheese is ________ house(s) .

• A) 1/250 of a
• B) 1/20 of a
• C) 20
• D) 250
• E) 500

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Definitions:

Leader-member Exchange (LMX)

A theory centered around the relationship between leaders and their followers, emphasizing the dyadic connections that influence performance and job satisfaction.

Transformational Leadership

A leadership style that inspires positive change in followers, with leaders focusing on transforming others to help each other, to look out for each other, and to be encouraging and harmonious.

Transactional Leadership

Leadership that is based on a straightforward exchange relationship between the leader and the followers.

Servant Leadership

A form of leadership that involves going beyond one’s own self-interests and having a genuine concern to serve others and a motivation to lead.