One of the Prescriptions for Success in Using the Leader-Centered

question 65

Multiple Choice

One of the prescriptions for success in using the leader-centered decision-making model is that the leader should:

• A) discourage members from expressing their feelings.
• B) relinquish control to the team and allow it to make the final choice in all appropriate kinds of decisions.
• C) listen attentively and observe nonverbal cues to be aware of member needs, feelings, interactions, and conflict.
• D) all of the answers are correct

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Definitions:

ATC

Average Total Cost, which is the total cost per unit of output incurred when producing goods or services. It includes both fixed and variable costs.

MR

An abbreviation for Marginal Revenue, which is the additional income from selling one more unit of a good or service.

Long-Run Equilibrium

A situation in a market where supply equals demand, and all factors of production - including labor and capital - are fully utilized, leading to stable prices.

ATC

Average Total Cost, which represents the total cost per unit of output produced, calculated by dividing the total cost by the quantity produced.