A Consumer Values a Car at $525,000 and a Producer

question 2

Multiple Choice

A consumer values a car at $525,000 and a producer values the same car at $485,000.If sales tax is 8% and is levied on the seller,then the sellers bottom line price is

• A)$527,000
• B)$523,800
• C)$525,000
• D)$500,000

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Definitions:

Directive Leadership

A leadership style characterized by giving direct orders and instructions, with a clear line of authority and control.

External Locus of Control

The belief that one's outcomes in life are determined by external forces or events outside their control, as opposed to being the result of their own actions (internal locus of control).

Path-goal Theory

A leadership theory that emphasizes the leader's role in guiding and motivating followers to achieve set goals by clarifying the path to these goals.

Path-goal Theory

A leadership theory that suggests the leader's job is to assist followers in attaining their goals and to provide the necessary direction and support.