_____ Skills Refer to a Leader's Ability to Understand the Internal

question 4

Multiple Choice

_____ skills refer to a leader's ability to understand the internal and external environments,use sound reasoning to make decisions,and communicate effectively.

• A) Research
• B) Technical
• C) Financial
• D) Cognitive

---

Definitions:

Price Elasticity

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

Monopolist

An entity or individual that has exclusive control over the supply of a good or service, enabling them to manipulate market prices.

Unregulated Monopolists

A single supplier in a market without government intervention or regulation, potentially leading to higher prices and lower outputs.