As observed by robert e. kelley, Substitutes for leadershipis an essential quality of effective followers.
<h3>What is
leadershipis ?</h3>
The ability of a person, group, or organization to "lead," influence, or direct other people, groups, or entire organizations is referred to as leadership, both as a field of study and as a practical talent. The term "leadership" is frequently seen as a contentious one. The subject is debated in specialized literature from numerous points of view, occasionally contrasting Eastern and Western leadership styles as well as (within the West) North American versus European styles.
Leadership is described as "a process of social influence where a person can enlist the aid and support of others in the fulfillment of a common and ethical task" in U.S. academic institutions.
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Answer:
The right answer is 3. Rights and obligations.
Explanation:
Liability accounts include all those financial obligations that a company has with suppliers, accounts payable, taxes, among others.
<span>One advantage market economies have over centrally-planned economies is that market economies </span>d. are more efficient. Centrally planned economies usually breed corruption and government monopolies, while market based create a healthy, well-balanced economy.
Answer:
Compare and Contrast
- Both bonds have face values.
- Bond with coupon rate pays the interest whereas zero-coupon bond does not pay such interest periodically.
- Bond with coupon rate is issued on the market value whereas zero-coupon bond is issued on deep discount value.
- A Zero-coupon bond is more volatile than a bond with a coupon rate.
- Usually zero-coupon bond has a higher yield rate than a bond with a coupon rate.
- A zero-coupon bond may also help to save taxes whereas a bond with a coupon rate has tax consequences for the investor due to interest income.
Explanation:
Bond with a coupon rate
The bond issued with coupon rate has an interest rate which is used to calculate the interest payment or income. This bond is issued on the market value.
Zero-coupon Bond
The zero-coupon bond is a bond that does not have any interest and does not pay interest or receive interest income. This bond is issued at a deep discount value.
Answer:
Present value = $32.1428 rounded off to $32.14
Explanation:
The preferred stock is a stock that pays a constant dividend and after equal interval of time for an indefinite period. Thus, it is like a perpetuity. The formula for the present value of perpetuity is,
Present value = Cash flow / r
Where,
- r is the required rate of return
In case pf preferred stock, the cash flow is the dividend paid by the preferred stock.
So, the value of the preferred stock is,
Present Value = 4.5 / 0.14
Present value = $32.1428 rounded off to $32.14