It Usually Takes Less Time to Buy a Six-Pack of Pepsi,a

question 9

Multiple Choice

It usually takes less time to buy a six-pack of Pepsi,a loaf of bread,and a bag of potato chips at a small convenience store (such as 7-Eleven) than at a large,full-service grocery store.Which of the following persons is most likely to buy these items at a convenience store?

• A) a person with a high opportunity cost of time
• B) a person with a low opportunity cost of time
• C) a person who is out of work
• D) a person who works at a full-service grocery store

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Definitions:

Contingency Variable

A variable that modifies the relationship between two other variables under certain conditions or situations.

Fiedler's Contingency Theory

A leadership theory proposing that the effectiveness of a leader is contingent upon the match between the leader's style and the situation's demands.

Situational Favourableness

This term describes the degree to which a particular setting or context supports or enhances the potential for successful outcomes.

High LPC Leader

Refers to leaders who are highly person-oriented, prioritizing relationships and team members' welfare over task completion.