Match Each Term with the Correct Statement Below

question 30

Multiple Choice

Match each term with the correct statement below.
-Someone who has extraordinary magnetism that inspires others to follow him or her.

• A)mentoring
• B)transformational leader
• C)empower
• D)innovate
• E)persistence
• F)continuous improvement
• G)emotional intelligence
• H)autocratic leader
• I)situation leader
• J)incremental change
• K)sensitivity
• L)self-confidence
• M)charismatic leader
• N)integrity
• O)ambition

---

Definitions:

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in market balance.

Marginal Cost

The added total cost resulting from the manufacture of one more unit.

Producer Surplus

The difference between what producers are willing to accept for a good versus what they actually receive, often represented as the area above the supply curve and below the equilibrium price.

Output Tax

A tax imposed based on the quantity of goods or services produced.