Managers Who Listen to Their Subordinates and Allow Them to Participate

question 123

Multiple Choice

Managers who listen to their subordinates and allow them to participate in decision-making are using the ________style of leadership.

• A)free-rein
• B)participative
• C)autocratic
• D)bureaucratic

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Definitions:

Municipal Bond

A debt security issued by municipalities to finance its capital expenditures, often tax-exempt for investors.

Warranty Expense

Costs incurred by a company due to repairing or replacing products under warranty.

Bad Debts Expense

An expense reported on the income statement, representing the money lost by a business from non-recoverable credit sales.

Temporary Differences

Differences between the carrying amount of assets or liabilities and their tax bases, which will result in taxable or deductible amounts in the future.