Use the Following Table to Answer the Following Questions

question 70

Multiple Choice

Use the following table to answer the following questions.

-What is the surplus when the price floor is $1.75 in the market for public transportation?

• A) 100,000
• B) 86,000
• C) 75,000
• D) 40,000
• E) 0 (zero)

Recognize the role of charisma in leadership and its relationship to leadership effectiveness.

Identify the characteristics and behaviors associated with transactional leadership.

Describe the characteristics and behaviors associated with transformational leadership.

Understand the effects of leadership styles on organizational outcomes such as performance and employee satisfaction.

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Definitions:

Direct Labor-Hours

The total hours worked by employees who are directly involved in the production process, used as a basis for assigning labor costs to products.

Machine-Hours

A measure of production time, quantified in hours, that machinery is operating to perform work.

Machining Department

A specialized division within a manufacturing operation that performs machining processes, such as cutting, shaping, or drilling materials.

Finishing Department

The last department in a manufacturing process where products are completed and made ready for sale.