Individual Characteristics That May Render Leader Behaviour Unnecessary Include All

question 62

Multiple Choice

Individual characteristics that may render leader behaviour unnecessary include all of the following EXCEPT

• A) experience.
• B) training.
• C) norms.
• D) professionalism.
• E) motivation.

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Definitions:

Tacit Collusion

An unspoken, informal agreement among competitors to limit competition and maximize collective profits without explicit communication or contracts.

Bargaining Power

Bargaining Power denotes the capacity of one party in a negotiation to influence the terms and conditions of an agreement in their favor, often derived from one's status, resources, or strategic position.

Nash Equilibrium

Nash Equilibrium is a concept in game theory where each player's strategy is optimal, considering the strategies of other players, leading to a situation where no player has an incentive to deviate from their strategy.

Tacit Collusion

An unspoken, non-explicit agreement among competitors to avoid competitive practices like price wars, often difficult to detect and regulate.