If a Trait Theory of Leadership Were True, Then All

question 90

Multiple Choice

If a trait theory of leadership were true, then all leaders would possess ________.

• A)charisma
• B)the same traits
• C)different traits
• D)seven traits

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Definitions:

Goods Or Services

Tangible products (goods) and intangible offerings (services) that fulfill the needs or desires of consumers.

Fixed Costs

Costs that do not vary with the level of output or production, such as rent, salaries, and insurance premiums.

Monopolistically Competitive

Refers to a market structure where many firms sell similar, but not identical, products, allowing for some degree of market power and differentiation.

Profit-Maximizing Output

The level of production at which a firm achieves the highest possible profit, where marginal revenue equals marginal cost.