What Is the "Pied Piper Effect

question 26

Multiple Choice

What is the "Pied Piper effect"?

• A) Job hopping by an effective leader can lead to defections and attrition among the subordinates who were under the departed leader.
• B) Leaders with a charismatic style will have high-performing followers and organizations.
• C) Top level managers are increasingly moving from one company to another as their careers unfold.
• D) Transformational leaders have an inspirational style with vision,and they "do the right thing" for their people.

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Definitions:

Price Taker

A market participant that accepts prevailing market prices as given, without having the power to influence these prices.

Competitive Market

A market structure characterized by many buyers and sellers, free entry and exit, and products that are similar, ensuring no single entity can control prices.

Profits

The financial gain achieved when the revenues generated from business activities exceed the expenses, taxes, and costs incurred in operating the business.

Fixed Costs

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance premiums.