According to Kerr and Jermier,leadership Is Least Important When

question 7

Multiple Choice

According to Kerr and Jermier,leadership is least important when:

• A)there are few substitutes and neutralizers
• B)there are few substitutes and many neutralizers
• C)there are many substitutes and few neutralizers
• D)there are many substitutes and neutralizers

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Definitions:

Rival

In economics, a good or service is considered rival if its consumption by one individual prevents simultaneous consumption by other individuals.

Excludable

Refers to a property of a good or service where it's possible to prevent people who have not paid for it from having access to it.

Efficient Quantity

The amount of a good or service that maximizes the net benefit to society.

Nonrival

A characteristic of a good where one person's consumption does not reduce availability for others.