Which of the Following Statements Is True

question 4

Multiple Choice

Which of the following statements is true?

• A)The head of an organization is always a true leader.
• B)Legitimate authority and leadership are similar.
• C)Holding a position and being a leader are synonymous.
• D)Effective leaders intuitively realize they need more than legitimate power to be successful.

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Definitions:

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given budget at specific prices.

Consumer's Income

The total amount of income a consumer has available to spend on goods and services.

Utility

The satisfaction or benefit derived from consuming goods or services.

Budget Line

A graphical representation of all possible combinations of two goods that a consumer can afford given their income and the prices of the goods.