Economists Blame the Long Lines at Gasoline Stations in the United

question 295

Multiple Choice

Economists blame the long lines at gasoline stations in the United States during the 1970s as well as the long delays in construction projects on:

• A) consumers who bought gas too frequently.
• B) the Organization of Petroleum Exporting Countries (OPEC).
• C) major oil companies operating in the United States.
• D) U.S. government regulation of gasoline prices.

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Definitions:

Best Leadership Style

A theoretical concept suggesting there is an optimal way of leading people that maximizes their performance and satisfaction, which may vary depending on context and individual differences.

Significant Challenge

A substantial obstacle or difficulty that requires considerable effort or innovation to overcome.

Vroom-Jago Contingency Variables

Factors that influence the effectiveness of decision-making processes, based on the Vroom-Yetton-Jago decision-making model of leadership.

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