Shareholders are the ultimate authority in every corporation

a. True
b. False
Indicate whether the statement is true or false


False

Business

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Explain Fiedler's contingency theory by describing the factors that contribute to a low-control situation, and what style of leadership would be prescribed in this case. Illustrate the situation with realistic circumstances in which this would occur.

What will be an ideal response?

Business

This question has two parts; be sure to answer both. First, what are external stakeholders? Next, imagine you are the manager of an art gallery, Diaspora, whose mission is to show (and sell) art by marginalized populations, such as the homeless or undocumented immigrants. Describe at least three of Diaspora's external stakeholders in the task environment.

What will be an ideal response?

Business

A mission statement is a formal document that describes the organization's overall purpose and what it hopes to achieve in terms of its products, resources, and ________

A) customers B) profits C) employees D) shareholders E) competitors

Business

The small publishing company you work for wants to create a new database for storing information about all of their author contracts. What difficulties do you anticipate?

What will be an ideal response?

Business