Believing That Most Individuals Could Be Trained to Be Leaders

question 40

Multiple Choice

Believing that most individuals could be trained to be leaders is most consistent which with leadership theory?

• A) behavioral theories
• B) Fiedler's contingency model
• C) "Great man" theory
• D) relational-oriented leadership

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Definitions:

Externalities

Unintended outcomes from business transactions impacting external groups, not included in the product or service pricing.

Coase Theorem

A principle that asserts that when trade in an externality is possible and there are no transaction costs, bargaining will lead to an efficient outcome regardless of the initial allocation of property.

Government Intervention

The involvement of the government in the market, aiming to alter the allocation of resources and distribution of goods and services.

Efficient Outcome

An economic situation in which all resources are allocated in the most effective way possible, maximizing potential benefit.