Employees at Blackrock Had a Mustache Growing Contest

question 6

Multiple Choice

Employees at Blackrock had a mustache growing contest.It cost $20 to enter and $20 to be a judge.After a month the winner was announced and the money donated to the winner's choice of charity.Which bureaucratic characteristic does this violate?

• A)Too many rules
• B)No specialization of labor
• C)No clear chain of command
• D)A narrow span of management
• E)An appropriate social distance between supervisor and subordinate

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Definitions:

IPO

Initial Public Offering, the process by which a private company becomes publicly traded by offering its shares to the public for the first time.

Open Market

A system or environment where goods, services, and financial instruments are traded freely between participants without significant restrictions.

Return of Cash

The process of distributing cash to shareholders, usually in the form of dividends or the repurchase of shares, representing a return on their investment.

Venture Capitalists

Investors who provide capital to startups and early-stage companies with high growth potential in exchange for equity stakes or ownership interest.