Compare and contrast transformational and transactional leadership.
What will be an ideal response?
Transactional leadership refers to behaviors that motivate followers through
rewards and corrective actions. Transformational leadership refers to behaviors that
mobilize extra effort from followers and emphasizes change and articulating a new
vision. Leadership is a continuum with transactional leadership as the foundation upon
which transformational leadership is built. Leaders with either style must develop
effective working relationships with followers.
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Suppose a country has a population of 61 million, of which 37 million are in the working-age population. Of those, 11 million are not in the labor force and 23 million are employed. The labor-force participation rate is
A. 42.6 percent. B. 60.7 percent. C. 70.3 percent. D. 88.5 percent.
To obtain the dollar sales volume necessary to attain a given target profit, which of the following formulas should be used?
A. (Fixed expenses + Target net profit)/Contribution margin ratio B. Target net profit/Contribution margin ratio C. Fixed expenses/Contribution margin per unit D. (Fixed expenses + Target net profit)/Total contribution margin
When Henry Ford said, "People can have the Model T in any color-so long that it's black," he was reflecting a sales orientation.
Answer the following statement true (T) or false (F)
One of the disadvantages of concurrent new-product development is that it may create tension between functional areas.
Answer the following statement true (T) or false (F)