Tom Is a Leader Who Works with His Subordinates to Help

question 3

Multiple Choice

Tom is a leader who works with his subordinates to help them understand what is required to get the job done. We can say that Tom is a _____ leader.

• A) transactional
• B) transformational
• C) socioemotional
• D) intelligent

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Definitions:

Supply (S)

The total amount of a specific good or service that is available to consumers at various prices over a certain period.

Demand (D)

In economic terms, the quantity of a good or service that consumers are willing and able to purchase at various prices during a given period.

Substitute

A good or service that can be used in place of another, allowing consumers to switch between them based on price, preference, or availability.

Equilibrium

A situation where the supply and demand in the market are equal, leading to stable prices.