The Group of Twenty (G20)is an International Forum Comprising the Government

question 41

Multiple Choice

The Group of Twenty (G20) is an international forum comprising the government representatives of the G8 and other economies,including the emerging economies of Brazil,China and India,as a reflection of their rising global economic and political power to:

• A)achieve economic dominance over the rest of the world.
• B)ensure authoritarian governments shift in emphasis towards more democratic controls.
• C)help facilitate continuing globalisation and trade liberalisation.
• D)predict shifts (along with their attendant risks)in the economic,political,social,technological and environmental structures of the worlD.

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Definitions:

LMX

Leader-Member Exchange; a theory proposing that leaders develop different kinds of relationships with various members of their team, which can affect the team's dynamics and performance.

Cultures

The cumulative deposit of knowledge, experience, beliefs, values, attitudes, meanings, hierarchies, religion, notions of time, roles, spatial relations, concepts of the universe, and material objects and possessions acquired by a group of people in the course of generations through individual and group striving.

Transactional Leadership

A leadership style focused on routine, structure, and rewards to manage followers, emphasizing clear transactions between the leader and the followers.

Social Exchange Theory

A theoretical framework suggesting that social behavior is the result of an exchange process, aiming to maximize benefits and minimize costs.