When Transformational Leaders Encourage Their Employees to Work Ethically, Emphasizing

question 159

Multiple Choice

When transformational leaders encourage their employees to work ethically, emphasizing values, such as trust, they are utilizing a way of achieving goals referred to as

• A)idealized influence.
• B)inspirational motivation.
• C)intellectual stimulation.
• D)individualized consideration.

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Definitions:

Economies of Scale

Enterprises gain cost benefits from their operation size, as the cost for each unit produced typically drops when the scale enlarges because fixed expenses are distributed across a greater number of output units.

Efficient Scale

The level of production at which a firm can produce its product at the lowest average cost per unit.

Economies of Scale

Economies of scale describe the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, as the cost per unit of output decreases with increasing scale.