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The Responsibility of Business Owners for All the Debts of the Business

question 56

Multiple Choice

The responsibility of business owners for all the debts of the business is known as:


Definitions:

Management By Exception

A leadership strategy where managers intervene only when performance deviates significantly from standards.

Charisma

a magnetic personality trait or quality that can inspire enthusiasm and devotion in others, often leading to influential leadership.

Relations-oriented Leadership

A leadership approach that emphasizes building strong interpersonal connections, prioritizing team cohesion and individual well-being within the group.

Employee-centered Behavior

A management approach that places emphasis on the welfare, needs, and involvement of employees, rather than solely focusing on productivity and efficiency.

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