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At a Management Retreat, Nicole Noah and Her Colleagues Are

question 29

Multiple Choice

At a management retreat, Nicole Noah and her colleagues are reminiscing about how much they enjoyed college life. Everyone remembers their favorite management topics. Nicole Noah is surprised to realize that each of them has a favorite leadership perspective. However, no one can remember the name of the theory they liked most!1. Lauren Lila knows that her favorite leadership perspective is the one that assumed that leaders are born, not made. (This is because Lauren Lila does, in fact, believe she is a "born leader.") 2. Misha Madison, on the other hand, has found that her most effective style of leadership is to capitalize on the fact that she arouses a sense of excitement in her employees, who genuinely like and admire her and want to follow her lead.3. Tony Enzo argues that his favorite theory recognized that the best answer concerning which style of leadership to use is "It depends!" He maintains that the theory he liked the most argued for "looking before you lead."4. Darren Liam argues that the company will be most effective when the leader makes decisions on his or her own and then announces those decisions to the group. Lila's favorite leadership perspective is the ________ approach.

Definitions:

Monopsonist

A market condition where there is only one buyer facing many sellers, often leading to lower prices for suppliers.

Marginal Revenue Product

The additional revenue generated by employing one more unit of a factor, such as labor or capital, holding all other factors constant.

Product Market

The marketplace where final goods or services are offered to consumers, businesses, and the public sector.

Tax Imposed

The act of levying or enforcing a financial charge or other levy upon a taxpayer by a governmental organization.