According to the Path-Goal Theory of Leadership, If the Task

question 89

Multiple Choice

According to the path-goal theory of leadership, if the task structure is low, what should management involvement with employees be?

• A) Low, because the task is clearly defined. The employees know their jobs.
• B) High, because management should always be involved, directing the process. That is what managers do.
• C) Low and therefore more challenging to the employees.
• D) High, because management involvement will be seen as both constructive and satisfying.

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Definitions:

Third-Degree Price Discrimination

A pricing strategy where different prices are charged to different groups of consumers for the same product, based on elasticity of demand.

Monopoly Power

The ability of a single seller to set prices and control the market for a good or service without significant competition.

Peak-Load Pricing

Practice of charging higher prices during peak periods when capacity constraints cause marginal costs to be high.

Two-Part Tariff

Form of pricing in which consumers are charged both an entry and a usage fee.