An Overview of the Trait Approach Over the Past 100

question 40

Multiple Choice

An overview of the trait approach over the past 100 years can best be described as ______.

• A) peaking in the 1950s and then largely abandoned since
• B) initially focusing on follower traits then moving toward leadership outcomes
• C) beginning with emphasis on great persons, then shifting to include situation, now back to traits
• D) the most widely agreed upon approach for determining who can be a leader

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Definitions:

Producer Surplus

The divergence between the desired selling price of producers and the real price at which goods are sold.

Supply Curve Shift

A change in the supply curve, indicating a change in the quantity supplied at each price.

Producer Surplus

The division in value between what producers are inclined to take for a product or service and the payoff they ultimately secure.

New Producers

Entities or individuals that have recently entered a market to offer goods or services.