Surplus Is

question 28

Multiple Choice

Surplus is:

• A)a better measure of the value that buyers and sellers get from participating in a market than price itself.
• B)maximized for individuals whose reservation price equals the market price.
• C)negative for those who do not participate in a market.
• D)All of these are true.

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Definitions:

Effective Leadership

The capability of a leader to inspire, influence, and guide others toward achieving organizational goals successfully.

Morally Justifiable

relates to actions or decisions that can be defended on ethical grounds, being in alignment with moral principles or values.

Servant Leadership

A leadership philosophy that emphasizes the leader's role as serving the needs of others first and foremost.

Ethical Leadership

Leadership style characterized by guiding principles that respect the rights and dignity of others, promoting fairness, transparency, and integrity.