This Question Contains Two Parts;be Sure to Answer Both

question 33

Essay

This question contains two parts;be sure to answer both.First,explain Fiedler's contingency theory by describing the factors that contribute to a low-control situation,and what style of leadership would be prescribed in this case.Second,imagine that you are the shop foreman in a factory that manufactures auto accessories,such as air fresheners,CD holders,and cup holders.You manage 40 people who work on an assembly line,and you make all hiring and firing decisions in the shop.Many of the employees have been working for the company for more than ten years,and you have been their manager for the entire time.Describe how your job rates on each of the three dimensions of situational control,and explain what your optimal leadership style would be under these circumstances.

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Definitions:

Foreign Bond

A bond issued in a domestic market by a foreign entity, in the domestic market's currency.

Interest Rate Differential

The difference in interest rates between two distinct economic or financial instruments.