Frank Is Owner of a Home Electronics Store

question 35

Multiple Choice

Frank is owner of a home electronics store. He uses symbols and speeches to communicate company's vision to employees. He encourages his employees to bring new ideas to the table. He makes sure that he is available to listen to employees' concerns. Employees enjoy working with him. Frank is using _______leadership style to influence employees:

• A) Transformational
• B) Transactional
• C) Servant
• D) Narcissistic

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Definitions:

Domestic Opportunity Cost

The opportunity cost of producing goods domestically rather than importing them, measured by what is given up in the domestic production of other goods.

Capital-Intensive Products

Products that require a high amount of capital investment in machinery and equipment relative to labor input in their production process.

Capital Resources

Assets such as machinery, tools, and buildings that are used in the production of other goods and services.