While Transactional Leaders Build Confidence and Understand the Needs of Followers

question 35

True/False

While transactional leaders build confidence and understand the needs of followers, their style of leadership has a higher people orientation than the transformational style.

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Definitions:

Directing

The process by which managers, given their assigned level of responsibilities, run day-to-day operations.

Controlling

In management, it refers to the process of setting standards, measuring actual performance, and taking corrective action to ensure the achievement of an organization's objectives.

Budgeted Goals

Objectives set during the budgeting process that financial and operational plans aim to achieve within a specific time frame.

Cash Budget

A cash budget is a financial plan that estimates the cash inflows and outflows over a specific period, helping businesses manage their liquidity and financial stability.