Gary Downs Recently Has Noticed That the Plant He Is

question 11

Multiple Choice

Gary Downs recently has noticed that the plant he is managing is delivering only 30 percent of its products on time.To determine what is causing the problem, he assembles the various department heads and the plant supervisor to get their input on the matter.Although the ultimate responsibility is his, he has no difficulty in delegating decision-making authority to any member of this group.This participative style of leadership suggests that Gary is a(n) ____ leader.

• A) democratic
• B) laissez-faire
• C) autocratic
• D) passive
• E) dependent

---

Definitions:

Resource Costs

The expenses associated with the acquisition and use of raw materials, labor, and other inputs required for the production of goods or services.

Price Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating the sensitivity of demand to price changes.

Quantity Demanded

Refers to the total amount of a good or service that consumers are willing and able to purchase at a given price level in a specified time period.

Price-elasticity of Demand Coefficient

measures how much the quantity demanded of a good responds to a change in the price of that good, calculated as the percentage change in quantity demanded divided by the percentage change in price.