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Nana76 [90]
3 years ago
5

"Is it rational for a person to not increase a savings rate over time that was initially set too low? Why do people yield to thi

s irrational behavior?"
Social Studies
1 answer:
In-s [12.5K]3 years ago
5 0

Answer is given below:

Explanation:

  • The economy is very dynamic in nature. There will be a significant change in the time value of money over a period of time.
  • An individual should formulate a savings rate over the years based on his income, his family status and social norms. It is unreasonable to keep the savings rate low as it can have a negative impact in times of emergency.
  • Socio-economic changes and lack of knowledge on the value of afternoon time make people vulnerable to this irrational behavior.
  • They are eager to live and lead life to maximum luxuries. People are very ignorant about future demand or need for savings
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Answer: Legal- rational Leadership style

Explanation:

The rational-legal style also known as transactional leadership is when a leader exercises control and authority on the basis of his knowledge to his subordinates.

Transactional leader is someone who values order and structure based on rules and regulations to complete task on time. Transactional leaders do not encourage personal creativity and innovative ideas because They depend on people who work well in a structured, directed environment ruled by influence and control.

Their main focus is on RESULTS, conformity to the existing structure of an organization and measures success based on the organization’s system of rewards and penalties. This type of leader is responsible for maintaining routine by managing and monitoring individual and group performance.

This type of leader sets the criteria for their workers according to existing defined requirements. Performance reviews are the most common way to judge employee performance.

Transactional leaders differ from other leaders like the charismatic and transformational leaders in that it is only results oriented.

In a nut shell, the legal rational Leadership style focuses on the give and take style based on controlling the performance of the individual and determining how well he or she can deliver in a structured environment.

We can then infer that the boss follows the legal-rational leadership style.

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3 years ago
In terms of the free enterprise system, the motivation for the improvement of material well-being is known as __________.
Troyanec [42]

Answer:

a-profit motive

Explanation:

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Specifying What factors caused the stock market crash?
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Explanation:

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A, D,  E

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Answer:

x=3 and y=4

Explanation:

Step: Solvex+y=7for x:

x+y=7

x+y+−y=7+−y(Add -y to both sides)

x=−y+7

Step: Substitute−y+7forxinx+2y=11:

x+2y=11

−y+7+2y=11

y+7=11(Simplify both sides of the equation)

y+7+−7=11+−7(Add -7 to both sides)

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x=−y+7

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x=3(Simplify both sides of the equation)

Answer:

x=3 and y=4

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3 years ago
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