"Because the Outputs of Many Industries Are the Inputs to Other

question 28

Multiple Choice

"Because the outputs of many industries are the inputs to other industries,the failure of any single industry to fulfill the output quantities specified in the central plan caused a chain reaction of adverse repercussions on production." This quotation best identifies the:

• A) incentive problem under central planning.
• B) self-sufficiency dilemma under communism.
• C) resource overcommitment problem under communism.
• D) coordination problem under central planning.

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Definitions:

Morale

The confidence, enthusiasm, and discipline of a person or group at a particular time, especially in a work context.

Contingency Leadership

A theory of leadership that suggests the effectiveness of a particular style of leadership is contingent upon the context and situation at hand.

Leader's Behavior

The actions and mannerisms exhibited by an individual in a leadership position, influencing how they manage and interact with their team.

Situation

A set of circumstances or context in which events occur, impacting how they are perceived or managed.