Ideally All Managers Should Be Leaders Because ________

question 90

Multiple Choice

Ideally all managers should be leaders because ________.

• A)of their position in the organizational hierarchy
• B)they are responsible to delegate work to others
• C)they were hired to manage the work of others
• D)because leading is one of the management functions

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Definitions:

Monopoly Market

A market structure characterized by a single seller controlling the entire market supply of a product or service.

Terms of Sale

The conditions and stipulations under which a sale is conducted, including payment, delivery, and warranty details.

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output decreasing with increasing scale.

Natural Monopoly

A market condition where a single firm can supply a good or service to an entire market more efficiently than if there were multiple suppliers, due to high fixed or startup costs.