Minority Shareholders in Close Corporations Cannot Be Outvoted on Salary

question 21

True/False

Minority shareholders in close corporations cannot be outvoted on salary and employment decisions.

Distinguish between leaders and managers, including their roles and approaches.

Examine the role of power in leadership and how it is exercised within different leadership styles.

Evaluate the effectiveness of achievement-oriented leadership and its focus on subordinate consultation.

Discuss the relationship between leadership and formal authority positions.

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Definitions:

First Instinct Fallacy

The mistaken belief that an individual's initial answer to a question is more likely to be correct than any answer they might change it to upon further consideration.

False Consensus Effect

The tendency to overestimate the extent to which others share one's beliefs, attitudes, or behaviors.

False Consensus Effect

A cognitive bias whereby people overestimate the degree to which their beliefs, opinions, preferences, values, and habits are normal and typical of those of others.

False Uniqueness Effect

The tendency of people to underestimate the commonality of their abilities and desirable or successful behaviors.