"Cheap Talk" Is Considered Cheap Because

question 48

Multiple Choice

"Cheap talk" is considered cheap because

• A)communications via phone or email these days has a cost that is close to zero.
• B)a firm can say anything, but may actually do something different.
• C)the cost of talking is far outweighed by the gains to be made in coordinating efforts.
• D)firms avoid the costs of hiring lawyers.

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Definitions:

Transformational Leadership

A leadership style that transforms and motivates followers by appealing to their higher ideals and moral values, often producing significant changes within the organization.

Transactional

Referring to a style of management or leadership that focuses on transactions or exchanges between leaders and followers, often involving rewards for performance.

Participative

Involving or characterized by participation; emphasizing or supporting the active involvement of people in decision-making or other processes.

Supportive

Providing encouragement, assistance, or comfort to others.