A Situational Variable That Counteracts a Leadership Style and Prevents

question 157

Multiple Choice

A situational variable that counteracts a leadership style and prevents the leader from displaying certain behaviors is called:

• A) Neutralizer
• B) Substitute
• C) Switch module
• D) Situational factor

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Definitions:

Comparative Advantage

The capacity of an entity to generate a product or service with a smaller opportunity cost than others.

Absolute Advantage

The capacity of an entity to manufacture a product or provide a service more effectively than its rivals, by utilizing fewer resources.

Comparative Advantage

A principle in economics that asserts a country's ability to produce a good at a lower opportunity cost compared to another country, fostering global trade efficiency.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, a fundamental concept in economics that emphasizes the potential benefits that are lost when choosing one option over another.