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Scenario 1-2
Suppose that you have a choice between going to the movies with a friend for two hours or working at your job. If you go to the movies, you will spend $7 on a ticket and $5 on popcorn. If you choose to work, you will earn $10 an hour.
-Refer to Scenario 1-2. What is your opportunity cost of going to the movies?
Leadership
The action of leading a group of people or an organization, or the ability to do this.
Common Element
A fundamental or essential component that is shared among different items, concepts, or systems.
Follower Attitudes
The perceptions, feelings, and opinions that followers have towards their leaders and the impact these have on organizational outcomes.
Perceptions
The way in which something is regarded, understood, or interpreted by individuals.
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