A Pattern of Leadership That Is Described as Autocratic and Hierarchical

question 21

Multiple Choice

A pattern of leadership that is described as autocratic and hierarchical is:

• A) Impoverished
• B) Exploitive
• C) Supportive
• D) Enlightened

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Definitions:

Interdependence

A relationship among firms in which their decisions significantly affect one another’s profits; characteristic of oligopolies.

Oligopoly

A market structure characterized by a small number of firms that control a large portion of the market share, influencing prices and competition.

Barriers to Entry

These are obstacles that prevent new competitors from easily entering an industry or area of business.

Oligopoly

A market structure characterized by a small number of firms that have significant control over market prices and competition.