Use the Table for the Question(s)below

question 65

Multiple Choice

Use the table for the question(s) below.
Consider the following prices from a McDonald's Restaurant:

-A McDonald's Big Mac value meal consists of a Big Mac sandwich,large Coke,and a large fry.Assuming that there is a competitive market for McDonald's food items,at what price must a Big Mac value meal sell to ensure the absence of an arbitrage opportunity and uphold the Law of One Price?

• A)$4.08
• B)$4.38
• C)$5.47
• D)$5.77
• E)$5.00

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Definitions:

Telling Style

A leadership approach characterized by explicitly instructing subordinates on what to do and how to do it without seeking their input.

Contingency Approaches

Management theories suggesting that the best way to deal with certain situations is dependent on the specific circumstances.

Leadership Style

Refers to the manner and approach of providing direction, implementing plans, and motivating people within an organization or team.

Particular Leadership Style

Refers to a distinct approach or technique adopted by a leader to motivate, guide, and manage teams.