The Institution of Private Property Encourages

question 41

Multiple Choice

The institution of private property encourages:

• A) lack of maintenance because people are not forced by law to do it.
• B) lack of easy exchange because ownership is sometimes hard to prove.
• C) easy exchange of some property because a formal title or deed exists.
• D) lack of incentives because the owner is responsible for maintenance costs.

---

Definitions:

Accountability

Responsibility for one’s own actions and acceptance of the consequences of one’s own behaviour.

Charismatic Leadership

A leadership style that inspires enthusiasm, commitment, and confidence in followers through the personal magnetism and persuasive ability of the leader.

Transactional Leadership

A leadership style focused on supervision, organization, and performance; it revolves around exchanges between leaders and followers, often involving rewards for achievements.

Situational Leadership

is a leadership style that suggests the most effective approach may vary depending on the situation, including factors like the task, people involved, and environment.