_____ Is an Important Way to Build Leader-Member Exchange (LMX)

question 28

Multiple Choice

_____ is an important way to build leader-member exchange (LMX) .

• A)Coaching
• B)Contingent reward behavior
• C)Punishment
• D)Management-by-exception
• E)Negative reinforcement

Understand the concept and importance of the "invisible hand" in market economies.

Grasp the significance of the price mechanism in allocating resources efficiently.

Acknowledge the impact of externalities on social welfare and methods to internalize them.

Analyze the influence of economic reforms on national economies, with a focus on privatization efforts.

---

Definitions:

Psychological Egoism

The theory that all human actions are motivated by self-interest, suggesting that altruistic acts are ultimately done for one's own benefit.

Utilitarianism

An ethical theory that posits the best action is the one that maximizes utility, typically defined as that which produces the greatest well-being of the greatest number of people.

Duty-Based

An ethical framework that focuses on the duties or obligations one has in order to act ethically, often associated with Immanuel Kant's deontological ethics.

Care Ethics

An approach to moral theory that emphasizes interpersonal relationships and urges the reliance on virtues related to caring as a basis for assessing how to act in specific cases. This approach has been developed and defended by feminist theorists and is sometimes called “feminist ethics,” though in principle one can defend this approach without relating it to women or to feminist concerns.