According to the University of Iowa Studies,a Leader Who Allows

question 97

Multiple Choice

According to the University of Iowa studies,a leader who allows his employees complete freedom to make decisions is using a ________ leadership style.

• A)consultative
• B)directive
• C)democratic
• D)laissez-faire
• E)supportive

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Definitions:

Shifts to the Right

A phrase indicating an increase in supply or demand in economic graphs, typically showing improvement or growth.

Price Effect

Refers to the impact on consumer demand or the quantity demanded of a good when its price changes, holding other factors constant.

Quantity Effect

The change in total revenue resulting from a change in the quantity of a product sold, holding price constant.

Price Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, quantitatively defined as the percentage change in quantity demanded divided by the percentage change in price.