If the Leader Expresses Strong Confidence in an Innovative Strategy

question 76

Multiple Choice

If the leader expresses strong confidence in an innovative strategy, ________.

• A) success may be attributed more to luck than to leader expertise
• B) followers are less likely to view the leader as charismatic
• C) followers are likely to work harder and increase the chances of success
• D) success is less likely, as the leader will be perceived as arrogant and egotistical

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Definitions:

Variable Cost

A cost that increases when the firm increases its output and decreases when the firm reduces its output.

Short Run

Describes a period during which at least one factor of production is fixed, limiting the ability of a firm to adjust to changes in market demand or supply conditions.

Baking Supplies

Baking supplies encompass all tools, ingredients, and materials used in baking, ranging from flour and sugar to ovens and mixing tools.

Fixed Cost

Any cost that in total does not change when the firm changes its output.