Two Important Situational Contingencies in the Path-Goal Theory Are

question 19

Multiple Choice

Two important situational contingencies in the path-goal theory are:

• A) the personal characteristics of the group members and the work environment.
• B) ability, skills, needs, and motivations and the degree of task structure.
• C) substitutes for leadership and readiness level of the leader.
• D) both the personal characteristics of the group members and the work environment and ability, skills, needs, and motivations and the degree of task structure.

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Definitions:

Oligopolistic Industry

A market structure characterized by a small number of firms that have the power to influence the price of their products or services.

Competitive Price Searchers

Businesses that operate in markets with many competitors and product differentiation, where they have to search for the optimal price to balance attracting customers and earning profits.

Barriers to Entry

Factors that prevent or hinder companies from entering a particular market, which can include high startup costs, strict regulations, and established competition.