Leadership Substitutes Theory Proposes That the Importance of Formal Leaders

question 107

Multiple Choice

Leadership substitutes theory proposes that the importance of formal leaders is reduced by aspects of the situation called _______________.

• A) substitutes and neutralizers
• B) substitutes and exacerbators
• C) substitutes and diminishers
• D) exacerbators and diminishers

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Definitions:

Labor

The work performed by humans which is often measured in terms of hours or productivity and is a fundamental factor of production.

Market Wage

The prevailing pay rate for work of a given nature in a specific market or industry.

Labor Supply

The total hours that workers are willing and able to work in a given period, often influenced by factors like wages, working conditions, and social norms.

Capital

Financial assets or the financial value of assets, such as cash and goods, used to generate wealth through investment or production.