When All Employees Are Exceedingly Clear About What Is Expected

question 161

Multiple Choice

When all employees are exceedingly clear about what is expected from them, guidelines for task completion are clear and understood, and rules and regulations in fulfilling their duties are clearly defined, it is likely the ____ leadership style is in place.

• A) entrepreneurial
• B) democratic
• C) participative
• D) autocratic
• E) consultative

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Definitions:

Net Operating Working Capital

The difference between a company's operating current assets and its operating current liabilities, indicating the efficiency and short-term financial health in the company's core operations.

Terminal Loss

The amount that can be deducted against income if, on the sale of the last asset in an asset class, the undepreciated capital cost is positive.

CCA Recapture

In Canadian taxation, the portion of the Capital Cost Allowance that is added back to income when an asset is disposed of for more than its undepreciated capital cost.

Risk-adjusted Cost of Capital

The rate of return that must be achieved in order to compensate for the risk of an investment, adjusting the cost of capital according to the risk involved.