In Their Discussion About Management and Leadership,Bennis and Nanus Said

question 58

Multiple Choice

In their discussion about management and leadership,Bennis and Nanus said that leaders ______.

• A) "do things right"
• B) "do the right thing"
• C) "do what followers want"
• D) "do enough to get the job done"

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Definitions:

Barter Economy

An economic system in which goods and services are exchanged directly for other goods and services without the use of money.

Efficient Price

A market condition where prices reflect all available information and resources are allocated to their most valuable use.

Efficient Quantity

The level of output where the marginal benefit to consumers equals the marginal cost of producing an additional unit, leading to optimal resource allocation.

Economic Efficiency

A condition in which all resources are distributed in the most efficient manner, ensuring that every individual or organization benefits optimally, with minimal waste and inefficiencies.