In a large open economy, the source of the demand for loanable funds comes from domestic investment and net capital outflow.
<h3>What is an Open economy</h3>
An open economy refers to a type of economy where not only domestic factors but also entities in other countries participate in trade of goods and services.
Trade in an open economy can be in the form of managerial exchange, technology transfers, and all kinds of goods and services.
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Answer:
False
Explanation:
Outside directors are members of the board of directors that are not employees of the corporation. While an inside director is a member of the board that is also employed by the corporation, e.g. CEO.
Corporations are separate entities form their stockholders, that is why limited liability applies to them. The board of directors doesn't have to include stockholders or employees, they usually do, but it is not required by law. Outside directors should very experienced and capable individuals that possess certain expertise that can help the corporation. Also, the board should control and supervise upper management, but if only inside directors were admitted into it, then who would control them?
Transactional leadership focuses on clarifying employees’ roles and task requirements and providing rewards and punishments contingent on performance.
Where is transactional leadership used?
Middle management levels in major firms are the principal users of transactional leadership. According to this leadership theory, accomplishing agreed-upon responsibilities successfully results in monetary remuneration, job security, or promotions, as well as intangible benefits like praise and recognition.
Why is transactional leadership important?
Transactional leaders are really clear. Employees are fully aware of what their boss expects of them. They feel successful in achieving their clearly stated goals and objectives as a result. When collective performance matters, this results in effective leadership.
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First, it really important for me not to raise my voice. i need to maintain my emotion no matter how rude the customer on the phone might be.
Then i will patiently explain the truth about the situation (her friend did not book at my hotel) and i will try to calmly persuade her to ask her friend about the further detail of the booking
