The Complete Key to Understanding Leader Effectiveness Is to Understand

question 68

True/False

The complete key to understanding leader effectiveness is to understand a leader's traits.

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Definitions:

Excludability

A characteristic of a good or service that allows owners or producers to prevent others from using it without permission.

Marginal-cost-marginal-benefit Rule

A principle suggesting that optimal decision making involves continuing an activity until the additional benefits no longer exceed the additional costs.

Cost-benefit Analysis

A systematic approach to estimating the strengths and weaknesses of alternatives used to determine options that provide the best approach to achieve benefits while preserving savings.