Charles Is the Owner and Manager of Fresh Bakes,a Bakery

question 10

Multiple Choice

Charles is the owner and manager of Fresh Bakes,a bakery and cafe in New York.Charles keeps a close tab on all the employees at the store,and closely reviews their work.All the chefs have to get his approval before choosing the daily specials.Charles often gets irritated if any decision is made without his input.He even supervises the simple tasks such as store decorations,and the arrangement of the window display.In this example,Charles is most likely to be using which of the following strategies?

• A) vertical integration
• B) micromanaging
• C) empowering
• D) macromanaging
• E) reinforcing

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Definitions:

Closely Held

A description for a corporation or company that has a small number of shareholders, often characterized by its shares not being widely available to the public.

Fiduciary Duty

A legal obligation requiring one party to act solely in another party's interest with a high standard of care, especially in matters concerning trust and confidence.

Office Equipment

Items and machinery used in an office to assist in tasks and operations, such as computers, printers, and furniture.

Profit Made

The revenue remaining after all expenses have been deducted from total sales.