The Managerial Grid Developed by Blake and Mouton Uses Which

question 42

Multiple Choice

The managerial grid developed by Blake and Mouton uses which two behavioural dimensions?

• A) employee-oriented and production-oriented
• B) concern for people and consideration
• C) initiating structure and consideration
• D) concern for people and concern for production
• E) concern for managers and concern for workers

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Definitions:

Own Price Elasticity

A measure of the responsiveness of the quantity demanded of a good to a change in its own price.

Specific Tax

A tax that is levied as a fixed amount per unit of a good or service, rather than as a percentage of the price.

Price Elasticity

Measures the responsiveness of the quantity demanded of a good to a change in its price.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually do pay.