Janice Has $5,000 Invested in a Bank That Pays 3

question 126

Multiple Choice

Janice has $5,000 invested in a bank that pays 3.8% annually.How long will it take for her funds to triple?

• A)23.99
• B)25.26
• C)26.58
• D)27.98
• E)29.46

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Definitions:

Directive Leader

A leadership style characterized by giving clear, explicit instructions and closely supervising task execution.

Supportive Leader

Leadership style characterized by consideration, friendliness, and support for subordinates, fostering a positive work environment.

Hersey and Blanchard

Psychologists who developed the Situational Leadership Model, which suggests that the most effective leadership style varies depending on the maturity level of team members.

Situational Leadership Model

A leadership theory proposing that effective leadership varies according to, and must adapt to, the needs of the situation and the readiness of the team being led.