A Positive Side of Long-Term Contracts Is

question 32

Multiple Choice

A positive side of long-term contracts is:

• A) low transaction costs.
• B) a loss of flexibility.
• C) the continual need to renegotiate the contract.
• D) None of the answers are correct.

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Definitions:

Transactional Leadership

A leadership style focused on the exchange process between leaders and followers, where followers are rewarded for their compliance and performance.

Exchanging Benefits

The act of mutually providing or receiving advantages or resources between parties, often seen in relationships or negotiations.

Charismatic Leadership

A leadership style where the leader inspires and motivates followers through their personal charisma, vision, and ability to evoke strong emotions.

Vision Communication

The act of articulating, sharing, and promoting a clear and compelling future state or goal that an organization or individual aims to achieve.