Contrast the autocratic, democratic, and laissez-faire styles of decision making.
What will be an ideal response?
The classic study comparing autocratic and democratic styles found that a democratic approach resulted in the most positive attitudes, but an autocratic approach resulted in somewhat higher performance.A laissez-faire style, in which the leader essentially made no decisions, led to more negative attitudes and lower performance. These results seem logical and probably represent the prevalent beliefs among managers about the general effects of these approaches.Democratic styles, appealing though they may seem, are not always the most appropriate. When speed is of the essence, democratic decision making may be too slow, or people may want decisiveness from the leader.Whether a decision should be made autocratically or democratically depends on the characteristics of the leader, the followers, and the situation.
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What are primary questions? Give an example of a primary question you might receive when on an interview.
What will be an ideal response?
In addition to the balance sheet, the income statement, and the statement of cash flows, a complete set of financial statements must include:
a. an auditor's opinion. b. a ten-year summary of operations. c. a note disclosure of such items as accounting policies. d. historical common-size (percentage) summaries. e. a list of corporate officers.
______ is the intention and ability to listen to others, use the content and context of the communication, and respond appropriately.
A. Passive listening B. External listening C. Internal listening D. Active listening
In order for Marketing (Big M) to succeed, it must be championed by ________.
A. middle management B. the sales force C. everyone in the organization D. top management E. frontline personnel