Anita Is a Store Manager Who Wants No Employee Input

question 96

Multiple Choice

Anita is a store manager who wants no employee input when she is making decisions about how the store should be operated.She makes all decisions by herself.What kind of a manager is Anita?

• A)task-oriented
• B)democratic
• C)autocratic
• D)relations-oriented
• E)people-skilled

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Definitions:

Outstanding Shares

The total number of shares of stock that are currently owned by shareholders, including shares held by institutional investors and restricted shares owned by company insiders.

Statutory Close Corporation Supplement

A legal provision that allows a closely held corporation to operate with fewer formalities and more flexibility than is typical under corporate law.

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.