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1. The customer is a vital factor to be considered while choosing a leadership style. The _____ leadership style typically provides customers with a balance of consistency and flexibility, which works across a wide range of industries.
a. authoritative
b. autocratic
c. free-rein
d. democratic
2. An advantage of decentralization is that:
a. it results in a strong corporate image.
b. it results in uniform customer approach across the front lines.
c. it prevents the need for long-term strategic goals.
d. it empowers employees to respond to customer needs more quickly and effectively.
3. Which of the following is a system under which some currencies are allowed to float freely, but the majority are either controlled by government intervention or pegged to another currency?
stagnant float
currency board
floating rate
fixed rate
managed-float
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