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If There Are Significant External Benefits Associated with the Consumption

question 59

Multiple Choice

If there are significant external benefits associated with the consumption of a product, it can be said that the private benefit to the consumer ____ the relative importance of this product to society and output should ____ to move toward the efficient situation.


Definitions:

Fred Fiedler's Research

A study in the field of leadership and organizational behavior, known for the contingency model that suggests the effectiveness of a leader's style is contingent on the situation.

Task-oriented

describes an approach or individual focusing primarily on completing tasks or achieving goals, often with an emphasis on efficiency and productivity.

Relationship-oriented

A leadership or management style that prioritizes the development of positive relationships among team members and stakeholders.

Democratic Style

A leadership approach that involves sharing decision-making responsibilities with team members, encouraging open dialogue and participation in the decision-making process.

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