Ariel, Fouad, Nicola, and Daryush Are Four Managers at Lost

question 97

Multiple Choice

Ariel, Fouad, Nicola, and Daryush are four managers at Lost Soles Shoes. Each uses a different decision-making style and believes that their style is the best. Ariel always presents the problem to her employees and gathers their opinions and suggestions, but makes the decision herself. Fouad gives his employees the responsibility for making the decision within a set of specified boundary conditions. Nicola makes the decision without asking her employees for their opinions or suggestions. Daryush presents the problem to his employees and seeks consensus, emphasizing that her opinion is only as important as every other employee's in her department. Fouad is using the ________ decision-making style.

• A) consultative
• B) autocratic
• C) delegative
• D) facilitative
• E) directive

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Definitions:

Conservation

The act of preserving, protecting, or restoring the natural environment, resources, and biodiversity for future generations.

User Cost

The opportunity cost of extracting and selling a non-renewable natural resource today rather than waiting to extract and sell the resource in the future; the present value of the decline in future revenue that will occur because a nonrenewable natural resource is extracted and sold today rather than being extracted and sold in the future.

Extraction Cost

All costs associated with extracting a natural resource and readying it for sale.

Quantity of Gold Bars

The total number or weight of gold bars held or transacted.