Which of the Following Is an Important Aspect That Should

question 47

Multiple Choice

Which of the following is an important aspect that should be kept in mind by active leaders?

• A) Uniform thinking should be encouraged among employees.
• B) Decision making should be avoided if adequate information is not available.
• C) Setbacks have to be managed with a pessimistic mindset.
• D) Competing points of view have to be managed, with some people left unsatisfied.

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Definitions:

Decreasing-cost Industry

An industry where the cost per unit of output decreases as the scale of production increases.

Long-run Equilibrium Price

The price level at which the quantity supplied equals the quantity demanded, achieved over a period where all inputs can be varied by producers.

Increase in Demand

A situation where there is a rise in consumers' desire to purchase goods or services, leading to higher quantity demanded at every price level.

Constant Costs

Occur when the cost of producing an additional unit of a good does not change as the scale of production increases or decreases.