Which of the Following Is a Difference Between a Conventional

question 77

Multiple Choice

Which of the following is a difference between a conventional approach and sustainable approach to need recognition?

• A)In the conventional approach,change is a bottom-top process whereas in the sustainable approach it is more of a top-bottom process.
• B)In a conventional approach leaders are more likely to watch for opportunities to improve members whereas in a sustainable approach leaders look to enhance competitive position.
• C)In the conventional approach,leaders are more likely to have a long-term perspective whereas in a sustainable approach leaders expect immediate change.
• D)In the conventional approach,change is a top-down process whereas in the sustainable approach it is more of a bottom-top process.

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Definitions:

Nominal Rate

the interest rate before adjustments for inflation, often cited in loan and savings agreements.

Compounded Annually

Interest on a loan or investment is calculated once a year, with each year’s interest added to the principal for the subsequent year’s interest calculation.

Compounded Annually

The process of earning interest on an investment where the accrued interest is added to the principal sum once per year.

Nominal Rate

The nominal rate is the interest rate stated on a loan or investment agreement, not accounting for inflation or other factors that affect the real rate of return.