One Difference Between Managers and Leaders Is That

question 66

Multiple Choice

One difference between managers and leaders is that

• A) managers are found in businesses while leaders operate in nonprofit organizations.
• B) managers work to achieve stability while leaders embrace change.
• C) managers use an autocratic approach while leaders embrace a democratic style.
• D) all employees can manage, but only top managers can lead.

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Definitions:

Interest Forgone

The potential interest one could have earned on their money if it had been invested rather than spent or kept in a non-interest-bearing account.

MC (Marginal Cost)

The additional cost resulting from the production of one more unit of a product or service.

ATC (Average Total Cost)

The total cost of production divided by the quantity of output produced, representing the per-unit cost of production.

MR (Marginal Revenue)

The increment in revenue that results from the sale of one additional unit of a product or service.