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You Are an Employee in a Large Organization

question 148

Multiple Choice

You are an employee in a large organization. In this organization, there are two senior managers. The first of these mangers, Sadiq, prides himself on his ability to help his subordinates understand their roles in achieving company goals. He defines clear-cut steps for his subordinates to use in completing projects, and rewards them for using proven strategies. The second manager, Wasim, feels that his role should be to provide individualized consideration and intellectual stimulation. His approach encourages creative problem solving and the development of new ideas. Most of the workers believe that both leaders are well trained, but Wasim's employees remark that Wasim seems to have a special leadership quality that sets him apart from the other managers.
-That special leadership quality that people notice when they work with Wasim may be termed_______ .


Definitions:

Discounted Future Profits

The present value of a company's projected future profits, adjusted for time and risk.

Undiscounted Future Profits

The projected earnings from an investment over time without adjusting for present value or future risk.

Inventory

The total amount of goods and materials held in stock by a business, warehouse, or point of sale.

Vertical Contracts

Agreements between companies at different stages of the production process, such as manufacturers and retailers.

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