Greg Is the Project Lead of a Team of Ten

question 24

Multiple Choice

Greg is the project lead of a team of ten IT professionals at Thompson & Marsh (T&M) Inc.Due to the recent recession,T&M wants Greg to cut costs,and this involves several changes in his team as well as processes.According to Fiedler's contingency theory of leadership,which of the following kinds of leadership styles will best suit Greg's objective?

• A)A consideration-centered leadership style
• B)A task-oriented leadership style
• C)A relationship-oriented leadership style
• D)An impoverished leadership style

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Definitions:

Financial Records

Financial records are written accounts of a business's financial activity, including transactions, income, and expenses, essential for tracking financial performance.

Leverage Ratios

Financial metrics that assess the degree of a company's reliance on borrowed money in its operations.

Profitability Ratios

Financial ratios that are used to measure the ability of a company to turn sales into profits and to earn profits on assets and owner’s equity committed.

Primary Financial Records

Essential documents that record and detail the financial activities and condition of a business or individual, such as income statements, balance sheets, and cash flow statements.