Regarding Tangible and Intangible Resources

question 61

Multiple Choice

Regarding tangible and intangible resources:

• A)Both can be sources of economies of scope
• B)Only tangible resources offer economies of scope;
• C)Only intangible resources offer economies of scope
• D)Both are sources of economies of scope, but not simultaneously

Understand the legal responsibilities of principals and agents in contracts.

Identify when and how an agent has authority to act on behalf of a principal.

Distinguish between disclosed, partially disclosed, and undisclosed principals and their liabilities.

Recognize the consequences of unauthorized actions by agents.

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Definitions:

Task-oriented

Focusing primarily on completing tasks efficiently and effectively, usually with specific goals and processes in mind.

LPC

The Least Preferred Co-worker scale, a tool used in Fiedler's contingency model to determine an individual's leadership style based on how they view the least favorable person to work with.

Directive Behaviour

Refers to a leadership style where instructions, orders, and expectations are clearly communicated by leaders to their subordinates.

Initiating Structure

A leadership behavior that emphasizes the organization of work, roles, and tasks to achieve set objectives and goals.