Macroeconomics Explains the Behavior of Individual Households and Business Firms;

question 80

True/False

Macroeconomics explains the behavior of individual households and business firms; microeconomics is concerned with the behavior of aggregates or the economy as a whole.

Identify the importance of adapting leadership styles to manage teams with different time orientations and cultural backgrounds.

Analyze the effects of group behaviors such as groupthink on team performance and decision-making.

Understand the role and emergence of informal leadership within teams.

Appreciate the balance between task-oriented and relations-oriented goals in effective team functioning.