Which of the Following Are Characteristics Associated with Leaders

question 68

Multiple Choice

Which of the following are characteristics associated with leaders?

• A) Ask what and why
• B) Administer
• C) Do things right
• D) All of the responses are correct

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Definitions:

Profit

The financial gain achieved when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Game Theory

The study of behavior in situations of interdependence. Used to explain the behavior of an oligopoly.

Dominant Strategies

In game theory, strategies that are best for a player, regardless of the strategies chosen by other players.

Payoff Matrix

In game theory, a diagram that shows how the payoffs to each of the participants in a two-player game depend on the actions of both; a tool in analyzing interdependence.