When Pamela Forbes Lieberman Took Over TruServ,it Was on the Verge

question 22

Multiple Choice

When Pamela Forbes Lieberman took over TruServ,it was on the verge of bankruptcy,with spiraling debt,a top-heavy hierarchy,and outdated management.Now debt and inventory are down,as is payroll expense,and TruServ met SEC filing requirements.Which of the following BEST describes Forbes Lieberman in this role,_____ leader.

• A)directive
• B)participative
• C)transformational
• D)supportive
• E)task oriented

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Definitions:

Cartel

An agreement among competing firms to control prices or exclude entry of a new competitor in the market, often illegal or regulated by law.

Fixed Cost

A cost that does not change with an increase or decrease in the amount of goods or services produced or sold.

Cartel

An association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition.

Marginal Cost

The increase in total cost that arises from producing an extra unit of output.