Property Rights

question 95

Multiple Choice

Property rights

• A) apply to factors of production and to goods and services.
• B) are legally established titles of ownership that are enforceable in the courts.
• C) can be part of a solution to the problems of an externality.
• D) All of the above answers are correct.

Understand the concept of the great person approach in leadership theory.

Recognize the focus of the trait approach on leaders rather than followers or situations.

List and describe the Big Five Personality Factors.

Identify the five major traits associated with leadership as described in the Northouse text.

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Definitions:

Autism

A developmental disorder characterized by difficulties with social interaction and communication, and by restricted and repetitive behavior.

Phrenology

A now-discredited theory that suggested the shape and size of the skull could determine personality traits and mental abilities.

Pseudoscientific Theory

A theory that claims to be based on scientific principles but lacks empirical support, often failing to adhere to the scientific method or peer review.

Personality Traits

Characteristics and behaviors that define an individual's distinctive patterns of thinking, feeling, and acting.