Identify and State the Historical Significance of the Following

question 103

Short Answer

Identify and state the historical significance of the following:
-Adam Smith

---

Definitions:

Transactional Leadership

A leadership style focused on the exchanges between leaders and followers, where rewards are given for accomplishments or penalties for failure.

Transactional Leadership

A leadership style focused on the exchange between leaders and followers, relying on rewards and punishments to achieve compliance.

Passive Management

A leadership or managerial style characterized by a lack of direct intervention, letting things take their own course without guiding or correcting.

Active Management

A management style that involves being hands-on and deeply involved in the day-to-day operations and decision-making process of the team or organization.