What Term Describes the Optimal Allocation of Society's Resources at a Given

question 21

Multiple Choice

What term describes the optimal allocation of society's resources at a given point in time?

• A)Creative destruction
• B)Static efficiency
• C)Dynamic efficiency
• D)Efficient allocation
• E)Resource efficiency

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Definitions:

Path-goal Theory of Leadership

A theory that suggests a leader's behavior is contingent to the satisfaction, motivation, and performance of their subordinates, emphasizing the need to adapt leadership style to the situation.

Leadership Style

Leadership style is the manner and approach of providing direction, implementing plans, and motivating people; it can vary from autocratic to democratic or laissez-faire.

Fiedler's Contingency Model

A leadership theory proposing that a leader's effectiveness is contingent upon the match between the leader's style of interacting with subordinates and the degree of control and influence over the situation.

Leader's Style

The manner and approach of providing direction, implementing plans, and motivating people.