Hierarchical Mandates Can Cause a Problem That Mervyn King,Governor of the Bank

question 31

Multiple Choice

Hierarchical mandates can cause a problem that Mervyn King,Governor of the Bank of England,refers to as an "inflation nutter," that can lead to large ________.

• A) inflation spikes
• B) output fluctuations
• C) unemployment rates
• D) economic growth

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Definitions:

Organizational Performance

A measure of how well an organization is achieving its predetermined goals and objectives.

Collective Efficacy

The shared belief of a group in their collective power to achieve a goal or effect change.

Transformational Behavior

Actions and behaviors exhibited by leaders that motivate and inspire followers to exceed their own interests for the sake of the organization or group.

Idealized Influence

A leadership approach where leaders become role models by acting in ways that inspire and earn the admiration, respect, and trust of their followers.