Social Costs of a Good Are Equal to

question 129

Multiple Choice

Social costs of a good are equal to

• A) external costs minus private costs.
• B) private costs minus external costs.
• C) private costs plus external costs.
• D) external costs divided by the private costs.

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Definitions:

Subordinates

Individuals who are lower in rank or position in an organizational hierarchy.

Leader-Member Exchange Theory

A leadership approach that emphasizes the two-way (dyadic) relationship between leaders and followers, proposing that the quality of this relationship predicts outcomes like satisfaction and productivity.

Dyadic Leader-Member Relations

The interactional pattern and relationship quality between a leader and each individual member within a team or organization.

Real-World Organisations

Entities operating in society that perform functions or provide services, including businesses, government agencies, non-profits, and other structured groups.