Which ______ Management Style Is Also Known as the Laissez-Faire

question 4

Multiple Choice

Which ______ management style is also known as the laissez-faire or hands-off style?

• A) participative
• B) results driven
• C) consultative
• D) empowering

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Definitions:

MBCA

Model Business Corporation Act, a model set of laws prepared by the Committee on Corporate Laws of the American Bar Association to guide states in the preparation of their corporate statutes.

Close Corporation

A type of business entity with a limited number of shareholders and restricted stock trading, often operated by family members or close associates.

Motion to Dismiss

A formal request to a court to dismiss a case on the grounds that it lacks basis for a lawsuit or is improperly filed.

Buy-and-Sell Agreement

A legally binding agreement determining what happens to a partner's share of a business in the event of that partner's death or departure.