Russian Management Styles

question 50

Multiple Choice

Russian management styles:

• A) Are slowly moving from a communistic, participative style to top-down autocratic styles
• B) Are becoming more traditional in outlook as western influence increases
• C) Are a mix between western imported styles and old-style philosophies
• D) None of the above

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Definitions:

Equilibrium Price

The market price at which the supply of an item equals the demand for it, leading to a stable market condition.

Black Markets

A market that operates outside the legal system in which either illegal goods are sold or legal goods are sold at illegal prices or terms.

Black Markets

Illicit trade practices where goods or services are sold illegally, either because they are prohibited or to avoid taxation.

Legal Markets

Markets where the trading of goods and services takes place within the framework of laws and regulations established by a government.