Fred Fiedler, the Developer of the Contingency Theory of Leadership

question 255

True/False

Fred Fiedler, the developer of the contingency theory of leadership, asserts that competent leaders can adapt their behavioural styles to fit the demands of differing situations they encounter.

Understand the characteristics of perfect competition.

Differentiate between short-run and long-run outcomes in perfect competition.

Identify the conditions for profit maximization in perfect competition.

Understand the relationship between price, marginal cost, and average total cost in determining firm efficiency.