According to the University of Iowa Studies, a Leader Who

question 95

Multiple Choice

According to the University of Iowa studies, a leader who tends to centralize authority, impose work methods, and make unilateral decisions has a(n) _____ leadership style.

• A) transactional
• B) democratic
• C) unilateral
• D) autocratic
• E) directive

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Definitions:

Equilibrium Price

The market price at which the quantity of goods supplied equals the quantity of goods demanded.

Elastic the Supply Curve

Describes a situation where the supply of a good or service changes significantly in response to changes in price.

Normal Good

A good for which demand increases as the income of consumers increase, holding other factors constant.

Inferior Good

A type of good for which demand decreases as the income of individuals increases, inverse to typical goods.