In the Context of Locus of Control as a Subordinate

question 38

Multiple Choice

In the context of locus of control as a subordinate contingency, which of the following is true of externals?

• A) They believe that what happens to them is largely a result of their choices and actions.
• B) They like to have a say in what goes on at work.
• C) They greatly prefer a participative leadership style.
• D) They believe that what happens to them is caused by forces outside their control.

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Definitions:

Trade

The exchange of goods, services, or both between two or more parties.

Numeraire Good

An economic term referring to a benchmark commodity or asset used to compare the value of other goods or assets.

Utility Function

A utility function is a mathematical representation used in economics to model satisfaction or preference regarding goods or services by consumers.

Initial Endowment

The initial amount of resources, wealth, or goods that an individual or entity possesses at the start of a period.