Which of the Following Dispositions Is Typical for Leaders with a High

question 48

Multiple Choice

Which of the following dispositions is typical for leaders with a high degree of risk propensity?

• A) reliance on intuition
• B) reliance on rational decisions
• C) aversion against use of intuition
• D) aversion against rational decisions
• E) aversion against use of both intuition and rational decisions

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Definitions:

More Elastic

Describes a scenario where the quantity demanded or supplied of a good or service is more responsive to changes in its price.

Income Elasticity

A measure used in economics to show how the demand for a good or service changes in response to changes in consumer income.

Elapses

Refers to the passage of time or the process of something coming to an end or expiring.

Inelastic Demand

Describes a situation where the demand for a good or service changes little when its price changes.