According to O'Reilly and Chatman,at the Weakest Level,each Party to the Leader

question 34

Multiple Choice

According to O'Reilly and Chatman,at the weakest level,each party to the leader and follower relationship is connected simply because the costs that they incur are offset by the benefits that are received.This weakest level of relationship is depicted by:

• A)identification.
• B)internalization.
• C)compliance.
• D)psychological ownership.

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Definitions:

Substitution Effect

The change in consumption patterns due to a change in the prices of goods, leading consumers to replace more expensive items with less costly alternatives.

Income Effect

A change in the consumption patterns of individuals arising from a change in their real income, due to shifts in prices or income levels.

Unskilled Workers

Workers who have no specific training or specialized skills and usually perform simple tasks that require limited education.

Minimum Wage

The minimum wage permitted by law that employers can pay their employees, whether it's calculated by the hour, day, or month.