What Is the Main Difference Between 'Leadership' and 'Management

question 71

Multiple Choice

What is the main difference between 'leadership' and 'management'?

• A) Leaders focus on systems and controls for the short term whilst managers focus on long term strategies.
• B) Management focuses on people for the long term whilst leaders focus on people for the short term.
• C) Managers seek adaptive and constructive change, whilst leaders seek order and stability.
• D) Management focuses on systems and controls for the short term whilst leaders focus on the long term view.

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Definitions:

Decreasing-Cost Industry

An industry where increased production leads to lower costs per unit, typically due to economies of scale or technological improvements.

Slopes Upward

A term used to describe a line or curve on a graph that increases in value as it moves from left to right.

Long-Run Supply Curve

A graphical representation showing how the quantity supplied by an industry or a firm changes over time when all input levels, including physical capital, are variable.

Total Market Output

The total quantity of goods or services produced and offered for sale within a market by all firms.