In a Short Essay, Describe the Four Main Types of Managerial

question 9

Essay

In a short essay, describe the four main types of managerial skills identified by Robert Katz.

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Definitions:

Sole Proprietorship

A type of business ownership where a single individual owns, manages, and is responsible for all aspects of the business.

Partnership

An association of two or more persons to carry on as co-owners a business for profit.

Sole Practitioner

An attorney who operates their law practice individually, rather than as part of a law firm or partnership.

Private Practitioner

A professional, often in law or healthcare, operating independently rather than as an employee of an organization.