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The demand for euros in the foreign exchange market equals 8,000 - 2,000 e and the supply of euros in the foreign exchange market equals 3,000 + 3,000 e, where e is the nominal exchange rate expressed in U.S. dollars per euro. If the euro is fixed at 0.85 U.S. dollars per euro, then the euro is ________ and Euroland has a balance-of-payments ________.
Leadership Effectiveness
The degree to which a leader is able to inspire, motivate, and enable individuals or teams to contribute towards the achievement of organizational goals.
Least Preferred Coworker
A concept used in Fiedler's contingency model, identifying the person a leader has least preferred to work with, to assess the leader's underlying leadership style.
LPC
Stands for Least Preferred Coworker, a concept used in Fiedler's Contingency Theory to determine leadership style by evaluating a leader's feelings toward the least preferred coworker.
Charismatic Leadership
A leadership style characterized by an individual's ability to inspire and motivate followers through personal charm and persuasion.
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