Which of the Following Is True of the Development of Empowerment

question 8

Multiple Choice

Which of the following is true of the development of empowerment zones?

• A)It combines private and public resources and directs them toward grassroots community efforts to revitalize blighted neighborhoods.
• B)Businesses located in such zones would be subject to more stringent regulations than businesses outside the zone.
• C)Businesses located in empowerment zones would be taxed at a higher rate than other areas of a city.
• D)It is based on the laissez-faire assumption that the tax and regulatory systems stifle initiative and self-improvement.

Appreciate the differences between short run and long run in economic theory and their relevance to business strategies.

Understand the basic concepts and distinctions within Fiedler's Contingency Theory of leadership.

Identify the differences between Path-Goal Theory and Fiedler's Contingency Theory.

Recognize how leadership styles should be adapted based on task structure, leader-member relations, and position power.

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Definitions:

Market

An abstract concept encompassing the forces of demand and supply and the interaction of buyers and sellers with the potential for exchange to occur.

Business

The organized activities and operations of individuals or entities to produce and sell goods and services for profit.

Price-Taker Firms

Companies that accept the market price as given and have no influence to change the price of the goods or services they sell.

Expand

Refers to the process of growth or increase in size, volume, number, or scope.