Which of the Following Would Be an Example of a Leader

question 91

Multiple Choice

Which of the following would be an example of a leader with referent power?

• A) a leader who punishes rule-breakers
• B) a newly appointed leader in a position of power
• C) a manager who offers perks and privileges
• D) an admired mentor
• E) a professor in a classroom

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Definitions:

Transaction Costs

Expenses incurred during the buying or selling process, not limited to the price of the good, like fees, taxes, or other costs associated with the transaction.

Middlemen

Intermediaries or agents who facilitate transactions between producers and consumers by buying goods from producers and selling them to consumers, often adding value through services like transportation or storage.

Transaction Costs

Expenses incurred during the process of buying or selling goods and services, which may include fees, taxes, or other costs.

Comparative Advantage

The theory suggesting that countries or entities benefit and gain efficiency from specializing in the production of goods or services for which they have a lower opportunity cost.