Black powder which is the original gunpowder was the earliest chemical explosive.It was invented in China way back in 9th century. It is a mixture of potassium nitrate also known as saltpeter,sulfur and charcoal. The powder burns slowly thus leaving smoke and solid residue.
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For Kotter, management is related to the process by which organizations seek stability and leadership through change.
<h3 /><h3>Change management</h3>
It is an 8-step model developed by Kotter with the aim of assisting in the successful implementation of organizational change, with a focus on creating urgency to establish change. The eight steps of the Kotter model are:
- Create a sense of urgency.
- Form the necessary coalitions.
- Develop a vision for change.
- invest in communication.
- Empower the entire base.
- Create short-term goals.
- keep up the pace.
- Making change part of the culture.
Therefore, through the change management model, Kotter helps administrators to maintain leadership by incorporating change effectively, reducing resistance and making it a positive aspect for organizational development.
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The price, or fee, is what the vendor charges
It should be noted that in a situation where the Fed sells <u>securities</u>, it's employing the<u> contractionary fiscal policy</u>.
A contractionary fiscal policy is used when the gross domestic product is growing too fast. It uses to curb inflation.
Contractionary monetary policy leads to a decrease in the money supply in the economy and causes interest rates to rise. This decreases expenditure activities.
Consequently, demand decreases in the short run causing a reduction in the real GDP.
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