When Leaders Influence Others Through the Exchange of Benefits or Favors

question 139

Multiple Choice

When leaders influence others through the exchange of benefits or favors, which influence tactic is being used?

• A) Develop allies
• B) Use rational persuasion
• C) Make people like you
• D) Rule of reciprocity
• E) Reward behaviors

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Definitions:

AVC

Average Variable Cost, which is the variable cost per unit of output.

Long-run Equilibrium

A state in which all factors of production and costs are variable, leading to a situation where economic profits have been normalized or eliminated due to competition.

Constant Costs

Costs that do not change with the level of output or activity within a certain range.

Short-run Supply Curve

A graphical representation showing the relation between the price of a product and the quantity of the product that a firm is willing and able to sell, given fixed resources.