What Is the Essential Argument That Is Made in the Leader-Member

question 273

Multiple Choice

What is the essential argument that is made in the leader-member exchange (LMX) model?

• A) That leaders establish a special relationship with a small number of trusted subordinates
• B) That the leader is able to display different leadership behaviours
• C) That different leadership styles are appropriate for different situations
• D) That the degree to which subordinates should participate in decision making depends on the characteristics of the situation, and that no one decision making process is best for all situations
• E) That the leader's job is to make desired rewards available to subordinates, and to clarify for them the kinds of behaviours that will lead to goal attainment

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Definitions:

Long-Run Equilibrium

A state in which all firms in a market are making zero economic profit, with no firm having an incentive to enter or exit the industry.

Allocative Efficiency

An economic state where resources are allocated in a way that maximizes the overall utility to society, ensuring that the goods and services produced match consumer preferences.

Minimization

The process or strategy of reducing or keeping to a minimum the size, amount, or degree of something, especially costs or liabilities.

Product Mix

The total range of products or services offered by a company to its customers.