The contingency theory of leader assumed that there are two kinds of leaders: TASK ORIENTED AND RELATIONSHIP ORIENTED LEADERS. A task oriented leader is one who is most concerned about getting jobs done than with the feeling of and relationship among his team. A relationship oriented leader is one who is primarily concerned with the feelings of his team members and their relationships with one another.
Answer:
d) The change to the equilibrium price of French chocolate souffle is ambiguous and the equilibrium quantity of French chocolate souffle falls
Explanation:
Inferior goods are those goods whose demand falls with the rise in the income of the consumer.
As per the given case, French chocolate souffle is an inferior good. When income of the consumer rises, his demand for French chocolate souffle will fall.
Similarly, when producers of such an inferior good decrease, the supply of French chocolate souffle shall fall.
With respect to the original equilibrium level, the demand curve shall experience a leftward shift i.e decrease whereas the supply curve too experiences a leftward shift i.e supply falls.
At the new equilibrium level, definitely the equilibrium quantity shall fall, but the change in equilibrium price cannot be ascertained as per the given information.
Answer:
c. He was a member of the French Parliament using satire to illustrate the foolishness of the arguments used by the proponents of trade restrictions.
Explanation:
Frédéric Bastiat was an economist, journalist and member of the French parliament in the wing of economic liberalism. Regarding his economic thinking, Bastiat had a strong inclination or liberalism and consumer protection against any kind of corporate authority. For him, the government was responsible for guaranteeing the lives of citizens, individual and commercial freedom and protection of property. Regarding commercial freedom, he presented himself against commercial restrictions, he thought this was a step backwards and satirized those who defended it, as you can see in the question above.
<span>A short-term goal typically spans a few days or a few weeks, and never more than six months in total. On the other hand, a long-term goal would usually take 12 months or more to accomplish. These are interrelated, because a long-term goal typically consists of several short-term aims.</span>
Answer: A. Draft a formal offer letter is not something you need to do following the compleition of an interview. After an interview, if you are qualified and wanted for hirer by the organization, they will likely draw up a formal offer letter and provide that to you when offering you the position. The formal offer letter typically includes the date of start and monetary offer the company is willing and able to pay.
