Define leadership and differentiate between a leader and a manager.
What will be an ideal response?
Leadership is the process by which a person exerts influence over other people and inspires, motivates, and directs their activities to help achieve group or organizational goals. The person who exerts such influence is a leader. Although leading is one of the four principal tasks of managing, there is a distinction made between managers and leaders. When this distinction is made, managers are thought of as those organization members who establish and implement procedures and processes to ensure smooth functioning and who are accountable for goal accomplishment. Leaders look to the future, chart the course for the organization, and attract, retain, motivate, inspire, and develop relationships with employees based on trust and mutual respect. Leaders provide meaning and purpose, seek innovation rather than stability, and impassion employees to work together to achieve the leaders' vision.
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The Stockholders' Equity section of the balance sheet of Sea Turtle Company reveals the following information: Common stock, $3 par value $150,000 Additional paidÂin capital—common 850,000 There have been two issues of stock since the corporation began business. The average issue price per share of stock was
a. $ 3.00. b. $17.00. c. $20.00. d. Not enough information to determine.
Early marketing measurement efforts tended to focus on ________, while current efforts are moving toward ________
A) quantitative metrics; qualitative metrics B) process metrics; financial metrics C) consumer attitudes; linking sales performance and marketing activities D) channel member attitudes; consumer attitudes E) brand health; brand attributes
In the context of group roles, which of the following is a difference between an isolator and a dominator??
A) ?An isolator strives to keep tensions low in a group, whereas a dominator deviates from the group's purpose. B) ?An isolator does not do his or her fair share of the work in a group, whereas a dominator constantly criticizes and complains about others' work in the group. C) ?An isolator is physically present but fails to participate in group activities, whereas a dominator speaks too often and too long in a group. D) ?An isolator pursues only the social aspect of a group, whereas a dominator makes sure everyone in the group gets to talk and be heard.
If Valley Bank pays a check over a stop payment order of one of its customers, Valley Bank is subrogated to the rights of:
A) the drawer against the payee or any other holder. B) any holder in due course on the item against the drawer. C) the payee or any other holder against the drawer. D) All of these are correct.