The Basic Idea Behind Leader-Member Exchange Theory Is

question 67

Multiple Choice

The basic idea behind leader-member exchange theory is:

• A)followership is based on member perceptions of equity
• B)leaders form two groups of followers (in-groups and out-groups)
• C)leaders develop relationships with followers based on the principle of who does what and how much for whom
• D)that followership depends on the degree that a task is satisfying

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Definitions:

Own-Price Elasticity

A measure of the responsiveness of the demand for a good to a change in its own price.

Lipitor

A pharmaceutical drug used to lower cholesterol and reduce the risk of heart disease.

Few Substitutes

A market condition where there are limited alternative products or services available to consumers.

Nike

an American multinational corporation known for designing, manufacturing, and selling athletic footwear, apparel, and equipment.