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Dan and Susan Greene are purchasing their first home in Savannah, Georgia. They are seeking pre-qualification on a home loan. The unemployment rate for Georgia is 10.2% and GDP is declining. Chances are pretty good that the Fed will raise interest rates in order to loosen the supply of money, resulting in a more expensive loan for Dan and Susan.
First-level Management
The layer of management directly responsible for overseeing the performance of entry-level employees.
Peter Principle
A concept suggesting that people in a hierarchy tend to rise to their "level of incompetence," meaning they get promoted until they reach a position for which they are unfit.
Overpromotion Syndrome
The consequences faced by employees or products that have been promoted beyond their capabilities or capacities, leading to failure or underperformance.
Successful Leader
A successful leader is an individual who achieves desired results or objectives by effectively motivating, guiding, and managing a group of people or an organization.
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