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Whereas Transactional Leaders Try to Get People to Do Ordinary

question 111

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Whereas transactional leaders try to get people to do ordinary things,transformational leaders encourage their people to do exceptional things-significantly higher levels of intrinsic motivation,trust,commitment,and loyalty-that can produce significant organizational change and results.


Definitions:

Demand for Labor

The aggregate number of employees that employers intend and can employ at a particular rate of wages over a certain interval.

Total Product Schedule

A table or graph that shows the output produced by a firm with different quantities of variable input, holding all other inputs constant.

Market Wage Rate

The prevailing rate of pay for given types of labor in the market, determined by supply and demand.

Product Price

The amount of money required to purchase a good or service, often influenced by cost of production, competition, and demand factors.

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