Fiedler's Contingency Theory Is Based on the Assumption That Leaders

question 60

True/False

Fiedler's contingency theory is based on the assumption that leaders are capable of adapting and adjusting their leadership styles to fit the demands of different situations.

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Definitions:

Substitutability

The degree to which one good can be replaced by another in consumption or production without affecting consumer satisfaction or output.

Price Elasticity of Demand

A gauge of demand elasticity in reaction to price adjustments for a particular commodity.

Unity

In economic terms, unity can refer to a sense of agreement or cohesion among members of a market or organization, striving towards common goals or values.