Use the Information for the Question(s)below

question 76

Multiple Choice

Use the information for the question(s) below.
As an oil refiner, you are able to produce $76.16 worth of unleaded petrol from one barrel of Tapis Outback Crude (TOC) oil. Because of its lower sulphur content, you can produce $77.25 worth of unleaded petrol from one barrel of Western Australian Intermediate (WAI) crude.
-Another oil refiner is offering to trade you 10 150 tonnes of Tapis Outback Crude (TOC) oil for 10 000 tonnes of Western Australian Intermediate (WAI) crude oil. Assuming you currently have 10 000 tonnes of WAI crude, the added benefit (cost) to you if you take the trade is closest to:

• A)($524)
• B)$524
• C)($1 819)
• D)$1 819

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Definitions:

Leadership Making

The process of influencing others to understand and agree about what needs to be done and how to do it, and the process of facilitating individual and collective efforts to accomplish shared objectives.

Prescriptive Nature

Characterized by giving directives or instructions on how something should be accomplished, often found in guidelines, regulations, or methodologies.

LMX

Refers to Leader-Member Exchange theory, which explores how leaders and followers establish relationships that can impact performance and job satisfaction.

Leadership Making

The process of developing leadership capabilities within individuals and organizations, emphasizing the growth and evolution of effective leadership.