A Leader, Such as Bill Gates of Microsoft, Who Can

question 37

Multiple Choice

A leader, such as Bill Gates of Microsoft, who can inspire followers above their own self-interests and can have a profound effect on their performance, is known as a(n) ________ leader.

• A) transactional
• B) directive
• C) informational
• D) transformational

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Definitions:

Peak Efficiency

The highest level of operational effectiveness where an entity or process operates at maximum capacity with minimal waste and expense.

Firm

An enterprise like a corporation, partnership, or sole proprietorship involved in commercial, industrial, or professional operations.

AFC

stands for Average Fixed Cost, which is the fixed cost per unit of output, calculated by dividing total fixed costs by the quantity of output produced.

Output Rises

Refers to an increase in the production level of goods and services over a certain period.