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One Drawback of the Bureaucratic Approach to Management Is That

question 103

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One drawback of the bureaucratic approach to management is that


Definitions:

Personally Liable

The legal responsibility of an individual to satisfy debts or obligations from their own assets.

Preincorporation Subscription

An agreement by an investor to purchase stock in a corporation, made before the corporation is legally formed.

Post Incorporation Subscription

Agreements to purchase stock in a company made after the company has been incorporated.

Corporate Promoters

Individuals or companies that take the initiative in founding and organizing the business of a corporation, including arranging its incorporation and securing capital.

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