Joseph Is the Manager for JeanCo and Has Given the Members

question 95

Multiple Choice

Joseph is the manager for JeanCo and has given the members of his highest developmental level group the authority to do their task in their own way.He also allows the members to make decisions of their own.What type of management style is Joseph using?

• A)Participative
• B)Consultative
• C)Empowerment
• D)Autocratic

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Definitions:

Purchase-Money Security Interest

A security interest in goods that secures credit extended by the seller or lender for the purchase of those goods.

Security Agreement

A legal document that grants a lender a security interest in a specified asset or property, which serves as collateral for a loan.

Secured Perfected Creditor

A creditor who has taken the necessary legal steps to ensure their claim against a debtor's collateral is enforceable against other creditors.

After-Acquired Property

Property or assets that a debtor obtains after signing a contract that pledges all of the debtor's current and future assets as collateral for a loan.