The Circular-Flow Diagram Shows How

question 222

Multiple Choice

The circular-flow diagram shows how:

• A)banks receive deposits and create money.
• B)money,goods and services,and factors of production flow through the economy.
• C)the various levels of government allocate tax revenues to meet the needs of society.
• D)the work force is educated and trained to increase labor productivity.

Evaluate the significance of trait and skill development in leadership through heredity and learning.

Differentiate between personalized and socialized power orientations in managerial effectiveness.

Understand the distinction between different sources of power in organizations.

Recognize how leaders can effectively use power and influence tactics to achieve organizational goals.

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Definitions:

Golden Rule

An ethical principle that suggests treating others as one would like to be treated oneself.

Value-laden

A term describing statements or concepts that are influenced by personal values or those of a specific culture.

Cross-cultural Adjustment

The process individuals go through to adapt to and become effective in a culture different from their own, especially regarding international assignments or multicultural workplaces.

Competencies

Specific skills, knowledge, and behaviors required for effective performance in a job or role.