Which of the Following Traits Is Likely to Help a Manager

question 24

Multiple Choice

Which of the following traits is likely to help a manager in keeping high standards for himself or herself and pushing ahead on hard projects?

• A) High neuroticism
• B) High need for affiliation
• C) High external locus of control
• D) High need for power
• E) High self-esteem

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Definitions:

Perfectly Competitive

A market structure characterized by many buyers and sellers, with all firms selling identical products and no barriers to entry.

Herfindahl-Hirschman Index

A measure of market concentration used to evaluate the level of competition within an industry.

Squared Market Shares

A measure often used in calculating market concentration, where the market shares of all firms in the market are squared and then summed.

Concentration Ratio

An economic metric that assesses the total market share controlled by the top firms within an industry.