The Best Way for a New Manager to Enter the Position

question 53

Multiple Choice

The best way for a new manager to enter the position is:

• A)with a meeting on the first day to tell the employees what the manager's philosophy is
• B)by becoming friends with all the employees
• C)as unobtrusively as possible,so the employees do not know they are being observed
• D)strongly,so there is no doubt that the manager has formal power
• E)in a low-key way that indicates that the manager is interested in leading,not ruling

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Definitions:

Noncumulative Preferred Stock

A type of preferred stock that does not accumulate unpaid dividends; if a dividend is skipped, it is not required to be paid later.

Retained Earnings

The portion of net earnings not distributed as dividends to shareholders but reinvested in the business or kept as a reserve.

Par Value

The face value of a bond or stock as stated by the issuer, which may differ from its market value.

Cash Dividend

A payment made by a company out of its earnings to its shareholders, usually in the form of cash.