A Business Organization That Employs Resources to Produce Goods and Services

question 352

Multiple Choice

A business organization that employs resources to produce goods and services for profit is

• A) economic rent.
• B) a firm.
• C) inside information.
• D) the opportunity cost of capital.

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Definitions:

Relationship Behaviors

Actions taken by individuals in leadership roles that help to establish and maintain positive interactions and connections with others.

Directing Behaviors

Actions by a leader to guide, instruct, and oversee the performance of team members.

Leadership Behavior

Involves the actions, practices, and attitudes leaders use to influence their team's performance, motivation, and engagement.

Ohio State Studies

A series of studies that helped to identify leadership behaviors and styles by focusing on the behaviors of leaders and their effects on group performance.