As an entrepreneur or business person who is responsible for making decisions that impact your organization both internally and externally, describe how you make decisions when they conflict with your personal ethics and instincts? What personal values and ethical standards do you consider most important when making decisions? Provide an example that you have experienced or observed that supports the idea of trusting your intuition and ethical beliefs.
Firms make their production decisions based on consumers' needs and wants, that is, there is only supply of goods and services because there is a demand for it.
Answer:
B). The Great Man and Trait Phase.
Explanation:
The 'Great Man and Trait Phase' of leadership thought that is highly concerned on nature and believed that 'great leaders are born'. This phase proposes that the leadership traits like charm, courage, wit, intellect, discernment, instincts, etc. are naturally inbuilt in the born leaders and these traits cannot be acquired or learned formally. This phase believes in the proposition that all the great leaders are the nature's gift and they inherently possess these innate skills to influence people and these natural traits cannot be aspired. Therefore, <u>option B</u> is the correct answer.
Agriculture and Oil. Natural Resources, Industry.
New Jersey, Delaware, and Pennsylvania
