means that managers are honest and trustworthy, fair in their dealings with employees and customers, and behave ethically in both their personal and professional lives. Question 45 options: a) Ethical leadership b) Command-and-control approach c) Followership d) Corporate espionage e) Concern for production leadership

The correct answer is letter "A": Ethical leadership.

Explanation:

Ethical leadership implies managers of an organization respecting the norms and values necessary to develop a healthy atmosphere at work. Top executives are in charge of promoting respect among coworkers, inspire trust by their actions, honesty at the moment of providing information to subordinates, consideration in front of problems among employees, and fairness to solve issues impartially.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know