Two Types of Costs Must Be Considered When Selecting the Optimal

question 39

Multiple Choice

Two types of costs must be considered when selecting the optimal decision rule.They are _____ and _____.

• A)decision-making costs;external costs
• B)marginal costs;variable costs
• C)decision-making costs;political costs
• D)political costs;external costs

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Definitions:

Leader's Power

The capacity of a leader to influence the behavior of others, obtain compliance, and achieve organizational goals.

Influencing Employees

The process of guiding or motivating employees to achieve organizational goals or adopt specific behaviors.

Scope

The extent of the area or subject matter that something deals with or to which it is relevant.

Leadership Style

The manner and approach of providing direction, implementing plans, and motivating people, varying from authoritative to participative or delegative.