In Self Competency: When Discussing Authentic Leaders, Bill George Notes

question 12

Multiple Choice

In Self Competency: When discussing authentic leaders, Bill George notes, "No matter how bad things are,

• A) they will get worse."
• B) you've already survived the worst."
• C) they can't get any worse."
• D) someone else has it worse."

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Definitions:

Employment

The condition of having paid work or owning a business that generates regular income.

Winner-Take-All Markets

Economic markets in which a small number of participants receive a large majority of gains, while the rest receive little or nothing.

Nominal Wages

See Money Wages.

Economic Rent

The surplus income received by a factor of production (land, labor, or capital) due to its limited supply, over and above its opportunity cost.