The Leader-Behavior Theories Have Played an Important Role in the Development

question 97

True/False

The leader-behavior theories have played an important role in the development of contemporary thinking about leadership.In particular,they urge us not to be preoccupied with what leaders are (the trait approach)but to concentrate on what leaders do (their behaviors).

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Definitions:

Increasing-Cost Industry

An industry in which production costs increase as the entire market expands production, often due to finite resources.

Long-Run Equilibrium

A state in which all inputs are variable, enabling firms to make adjustments to output and prices to reach a point where no firm desires to change its production or exit the market.

Increasing Cost Industry

An industry in which production costs increase as output expands, often due to limited resources or other constraints.

Increasing-Cost Industry

An industry in which the costs of production increase as more firms enter the market, typically due to limitations in resources.