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Over Lunch Daniel and Haley Are Discussing Their Managers

question 41

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Over lunch Daniel and Haley are discussing their managers.Daniel describes his boss as extremely motivating.Daniel feels much more psychologically empowered and more self-confident because of how his manager leads their team.Work goals are more demanding than ever; but even though the rewards of the hard work may not come soon, Daniel trusts his manager's emphasis on the future good that will come from their work.Daniel feels that working with his new manager has led to a much stronger emotional bond with the organization, much more engagement with the work, and an overall increase in his job satisfaction.Daniel's boss can be described as a(n) ______ leader.


Definitions:

Marginal Cost

The financial outlay for producing an incremental unit of a product or service.

Short-Run Supply

The total quantity of a good or service that businesses are willing and able to sell at current prices in a short time period.

Implicit Cost

The opportunity costs that are not directly paid or seen but represent real costs to a business, such as the value of time or resources.

Short Run

A period during which at least one of a firm's inputs is fixed, limiting the firm's capacity to adjust to market changes.

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