Charles Is the Owner and Manager of Fresh Bakes,a Bakery

question 10

Multiple Choice

Charles is the owner and manager of Fresh Bakes,a bakery and cafe in New York.Charles keeps a close tab on all the employees at the store,and closely reviews their work.All the chefs have to get his approval before choosing the daily specials.Charles often gets irritated if any decision is made without his input.He even supervises the simple tasks such as store decorations,and the arrangement of the window display.In this example,Charles is most likely to be using which of the following strategies?

• A) vertical integration
• B) micromanaging
• C) empowering
• D) macromanaging
• E) reinforcing

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Definitions:

Real GDP

The measure of a country's gross domestic product adjusted for inflation, reflecting the value of all goods and services produced at constant prices.

Equity Finance

A method of raising capital through the sale of shares in a company, representing ownership interests in the corporation.

Investment

The allocation of resources, typically money, into ventures, stocks, or assets with the expectation of generating a profit.

Types of Saving

Various forms in which individuals or entities can save their money, such as bank deposits, investments, or pension funds.