Which of the Following Leaders Takes Action or Intervenes in Situations

question 60

Multiple Choice

Which of the following leaders takes action or intervenes in situations only when standards are not met?

• A)Passive management-by-exception leader
• B)Laissez-faire leader
• C)Contingent reward leader
• D)Active management-by-exception leader

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Definitions:

MRP

Marginal Revenue Product; the additional revenue generated by employing one more unit of a factor, such as labor or capital.

Marginal Revenue Product

The additional revenue a firm earns by employing one more unit of input, like labor or capital, in the production process.

Wage Rate

The amount of compensation a worker receives for performing a service, typically measured per hour or unit of work.

Employment

The state of having a paid job or being engaged in a productive activity.