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Use the following to answer questions:
Figure: Consumer and Producer Surplus
-(Figure: Consumer and Producer Surplus) Look at the figure Consumer and Producer Surplus. If the price is held below equilibrium, producer surplus _____ and total surplus _____.
Power Distance
A cultural dimension that reflects the extent to which less powerful members of organizations and institutions accept and expect that power is distributed unequally.
Charisma
A personal quality that enables an individual to attract, inspire, and influence others through their presence and communication style.
Ethics
The philosophical study of morality.
Normative Theory
A framework that describes how things should be or how societal norms and standards guide individual actions and institutional practices.
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