If Resources Are Scarce,it Means That They

question 45

Multiple Choice

If resources are scarce,it means that they:

• A)are insufficient to provide enough goods and services to satisfy all human material wants and needs.
• B)have no opportunity cost.
• C)are probably not valued by consumers.
• D)have an unlimited supply.

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Definitions:

Focal Leader

A primary leader who is the central point of guidance and decision-making within a group or organization.

Formal Authority

Official power given to an individual or group by an organization's rules or hierarchy to make decisions and direct others.

Follower

An individual who supports and is guided by another person or entity, often within a leadership context.

Leader Effectiveness

Leader effectiveness is the measure of a leader's ability to achieve desired results, fulfill organizational goals, and successfully manage and motivate their team or followers.