According to the Contingency Model,relationship-Motivated Leaders Will Be Most Effective

question 41

Multiple Choice

According to the Contingency Model,relationship-motivated leaders will be most effective in which type of situation?

• A)high-control
• B)moderate control
• C)low control
• D)all situations

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Definitions:

Deadweight Loss

A loss in total societal welfare that occurs when market equilibrium is not achieved or when market imperfections exist, leading to inefficient allocation of resources.

Relatively Inelastic

Describes a situation where the demand for a good or service changes by a smaller percentage than changes in its price.

Deadweight Loss

A situation where inefficiency in the market leads to a loss of total social welfare, typified by a gap between the supply and demand curves.

Relatively Elastic

Describes a situation where the demand or supply for a good or service significantly changes in response to changes in price.