Robert Has Been Newly Appointed as the CEO of Textronics

question 75

Multiple Choice

Robert has been newly appointed as the CEO of Textronics Inc.He is still learning how various departments function in the organization.In such a situation,he relies on the suggestions and opinions of his team members and lets them do the things the way they are used to,till the time he is able to gain sufficient knowledge and can suggest some more feasible changes.He does not generally interfere in the decisions made by the employees but at times shares his past experiences with the employees.It can be said that Robert had adopted a(n) _____ style of decision-making.

• A)autocratic
• B)participative
• C)consultative
• D)delegative
• E)negotiative

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Definitions:

Long-Term Liability

A financial obligation due after more than one year.

Current Liability

Short-term financial obligations that are due within one year or within a company's operational cycle, whichever is longer.

Long-Term Debt

Borrowings and financial obligations of a business or organization that are due for repayment more than one year in the future.

Discounted Note

A financial instrument, such as a promissory note, that is sold or bought at less than its face value. The discount represents the interest or fees earned by the buyer of the note.