Write a 2 page essay on Leadership and Management Commitment.

Without leadership and management commitment, the organization is destined to fail.

Mannan and Lees (2005) highlights that some of the ways in which leadership and management commitment is demonstrated include providing safety a high profile, giving the organization managers safety goals, supporting organization managers whose main concern is safety as far as their decision making is concerned, operating an active audit system and take action in cases of deficiencies and incidents.

Mannan and Lees (2005) argues that safety ought to be given a high profile and this can only be possible when various measures are put in place in addition to considering safety as the first item on the agenda of the organization’s meetings and also making sure that all the employees are informed of the actions taken by the management both in the initiation of, as well as in response to various safety matters.

Burns (2002) argues that today’s organizational managers are generally aware of the significance of safety, including grave incident prevention. However. a great number of them are normally overwhelmed by the pressure to attain excellence in a number of key areas of performances within their organizations. Other than safety operations, their attentions as organizational leaders are normally focused on productivity, customer service, product quality and cost control.

To complicate things further, these goals more often than not appear to be tension with each other, with organizational managers finding it difficult to improve performance in one particular area without adversely impacting on the others. It is therefore a workplace reality that dignified intentions by organizational managers are not enough to attain desired results within organization, and as a result managers ought to demonstrate effective leadership and

1) A rise in the amount of inflation, given a fixed nominal interest rate will cause: 

A.  The nominal interest rate to rise

 B.  The nominal interest rate to fall

 C.  The real interest rate to rise

 D.  The real interest rate to fall

2) In which situation is the real interest rate highest? 

A.  The nominal interest rate is 25% and the inflation rate 30%.

 B.  The nominal interest rate is 2% and the inflation rate 1%.

 C.  The nominal interest rate is 8% and the inflation rate 5%.

 D.  The nominal interest rate is 11% and the inflation rate 9%.

3) CPI and Purchasing Power

Pete puts $100 in a savings account that pays an annual interest rate of 10 per cent. By the end of the year, the CPI has increased from 120 to 130. The purchasing power of Pete’s bank account has remained unchanged.  

True

  False

4) Inflation is a problem because it erodes nominal wage growth.  

True

  False

5) The Consumer Price Index measures inflation by using: 

A.  all goods and services that are produced using a base-year basket

 B.  only consumption goods and services purchased using a current-year basket

 C.  all goods and services that are produced using a current-year basket

 D.  only consumption goods and services purchased using a base-yer basket

6) Who among the following would be counted as unemployed in the official government statistics? 

A.  Amber, who is going to school full time and is not interested in working

 B.  Billy, who is working part time while looking for a full-time job

 C.  Chuck, who is 14 and is looking for job delivering papers

 D.  Diane, who has begun to look for work because her daughter has started school