Fact Pattern 3-1 Ann Starts Up Bowls Bistro to Serve and Sell Soups

question 22

Multiple Choice

Fact Pattern 3-1
Ann starts up Bowls Bistro to serve and sell soups and salads. Ann leases space in an office building owned by Carly. The lease requires a base rent of $1,250, plus 10 percent of Bowls Bistro's profits, each month. The term is two years. Ann hires Demi to take and fill customers' orders at an hourly wage of $15.00, plus tips.
-Refer to Fact Pattern 3-1.Ann and Carly are

• A) ​not partners, because Carly does not have an ownership interest or management rights in Bowls Bistro.
• B) ​not partners, because the lease includes "base rent."
• C) ​not partners, because the rent includes only 10 percent of the profits.
• D) ​partners in a partnership for two years.

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Definitions:

Fiedler's Contingency Theory

A leadership theory proposing that effective leadership depends on a match between the leader's style of interacting with subordinates and the degree of control and influence in the situation.

Task Structure

The degree to which job and task roles are defined, organized, and executed within an organization, affecting clarity and efficiency.

Delegating Style

A management approach where authority and tasks are transferred to lower-level employees, promoting responsibility and decision-making at all levels.

Hersey-Blanchard

A situational leadership model proposing that effective leadership is dependent on the task readiness of the followers.