The Situational Approach to Leadership Suggests

question 96

Multiple Choice

The situational approach to leadership suggests

• A)a combination of concern for people and concern for task will always succeed.
• B)that,if in doubt,focus on a concern for production.
• C)that a leader should analyze a situation before deciding what to do.
• D)there is a one-best-way to manage.
• E)that most leaders cannot alter their style of leadership despite the demands of the situation.

Know the classical and Keynesian views on employment, interest rates, and government spending.

Recognize the factors determining macroeconomic equilibrium according to Keynesian analysis.

Understand the relationship between real GDP equilibrium and aggregate quantity demanded and supplied.

Learn how changes in national and international price levels affect imports and exports.

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Definitions:

Loan

An amount of money that is lent to someone, which is expected to be paid back with interest.

Interest

The cost of borrowing money, typically expressed as an annual percentage of the principal amount.

Months

Units of time into which a year is divided, normally consisting of 28 to 31 days.

Deposit

A sum of money placed or kept in a bank account, usually to gain interest.