Explain Why Independent Central Banks Need to Be Held Accountable

question 83

Essay

Explain why independent central banks need to be held accountable.

Summarize guidelines for effectively communicating bad news to employees and the public.

Identify strategies to end a bad-news message on a positive note.

Understand the risks and benefits of delivering criticism and factors to consider before communicating negatives.

Recognize legal implications in specific communication contexts such as denying credit.

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Definitions:

Orientation

The introduction and alignment of new employees to the company's environment, culture, and expectations to facilitate their adaptation and productivity.

Cross-functional Teams

Teams composed of members with different expertise working toward a common goal, encouraging diversity of thought.

Functional Departments

Divisions within an organization based on functions or roles such as marketing, finance, and human resources, focusing on specialized tasks or services.

Cohesive Group

A collective of individuals who are united in their goals, values, or interests, displaying strong bonds and a high level of mutual support.