Explain the Six Functions Performed by the Financial System

question 95

Essay

Explain the six functions performed by the financial system.

---

Definitions:

Authoritative Command

A management style where leaders make decisions without consulting subordinates, relying on their authority for compliance.

Unassertive

A behavior pattern in which individuals tend to avoid expressing their opinions or needs, and often accommodate others to avoid conflict.

Principled/Integrative

An approach to negotiation emphasizing mutual gains and outcomes that benefit all parties involved, based on fair standards.

Collaborative Negotiation

A negotiation approach focusing on mutual benefit, where parties work together to find solutions that satisfy the interests of all involved, rather than competing against one another.