The GFC

question 79

Multiple Choice

The GFC:

• A)prompted a 'flight to quality' that pushed up the interest rate on government securities
• B)caused a sharp contraction in lending that prevented many firms from being able to refinance their maturing debt
• C)prompted the US government to 'bail-out' financial institutions, including Lehman Brothers
• D)reinforced the view that markets are 'self-correcting'
• E)lead to widespread failures of financial institutions in Australia.

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Definitions:

Leadership Success

The achievement of desired goals and objectives through effective leading, influencing, and motivating of individuals or teams.

Situational Demands

The specific requirements or pressures that arise from the particular circumstances or context one is in.

Fiedler's Contingency Theory

A leadership theory proposing that leader effectiveness is dependent on the situational context and the leader's style of interacting with followers.

Situational Control

The ability of an individual or group to manipulate and manage their environment to achieve specific goals.