Which of the Following Is One of the Basic Leadership

question 60

Multiple Choice

Which of the following is one of the basic leadership styles?

• A) autocratic
• B) laissez-faire
• C) democratic
• D) all of these

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Definitions:

ATC

Average Total Cost (ATC) refers to the total cost per unit of output, calculated by dividing the total cost of production by the quantity of output produced.

MR

Marginal Revenue is the additional income generated from selling one more unit of a good or service.

Identical Product

Goods or services that are exactly the same in quality, size, and specifications, making them indistinguishable from one another to consumers.

Making a Profit

The financial gain realized when the revenue generated from business activities exceeds the expenses, costs, and taxes involved in maintaining the operation.