A Concentration Ratio Measures

question 50

Multiple Choice

A concentration ratio measures

• A) the average size of the firms in the industry.
• B) the sales of the three largest firms in the industry minus the costs of these three largest firms in the industry.
• C) the share of industry sales accounted for by the largest firms in the industry.
• D) the excess capacity found in a particular oligopolistic industry.

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Definitions:

Consideration

Consideration in leadership and organizational behavior refers to the extent to which a leader shows care, concern, and respect for followers' needs and feelings.

Psychological Closeness

The feeling of proximity and intimacy towards another individual or group, which may not necessarily correspond to physical distance.

Misleading Statement

A declaration or assertion that is intended to deceive or lead a person away from the truth or accurate understanding.

Situational Leadership Model

A leadership theory proposing that the most effective leaders adapt their style according to the maturity and capability of their followers and the specifics of the situation.