By Making Most of Its Employees Owners of the Company

question 247

Multiple Choice

By making most of its employees owners of the company, United Airlines attempted to

• A) cope with the unlimited liability problem.
• B) change its business organization from a corporation to a partnership.
• C) address the principal-agent problem between the workers and managers.
• D) increase the role of the command system in managing the firm.

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Definitions:

Maintenance Phase

A stage in relationship development where efforts are focused on preserving and sustaining the relationship.

Fatalistic

Believing that all events are predetermined and inevitably caused by external forces, leading to a sense of powerlessness over one's future or outcomes.

External Attributional Style

A tendency to attribute one's own behaviors and outcomes to external factors or forces beyond one's personal control.

Emotional Lability

A condition of emotional instability characterized by rapid and extreme mood changes.