Janice Was Thrilled with the First Two Years of Operations

question 101

Multiple Choice

Janice was thrilled with the first two years of operations. Her new company-specializing in manufacturing and distributing yoga mats, props, and yoga wear-had been growing steadily and was on track to make a 14 percent profit at the end of this, her second year. Then she started to notice sales slipping in the 11th month of the year. This is a month that normally starts to see sales increases. She had just hired a key employee to work on business development, and she wondered if this downturn would trend into the 12th month and then into her third year of business. Thankfully Janice had some good advice when she launched her venture because she knew exactly how to handle the situation. Along with her business plan, she had created a(n) _____________.

• A) layoff plan
• B) contingency plan
• C) golden parachute
• D) escape plan
• E) strategic plan

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Definitions:

Path-goal Theory

A leadership theory that suggests the leader's job is to assist followers in attaining their goals and to provide direction or support needed to ensure their goals are compatible with the organization’s objectives.

Participative Behavior

A leadership approach that involves team members in decision-making processes and problem-solving activities.

Supportive Behavior

Actions by leaders that show concern for subordinates' well-being and personal needs, fostering a friendly work environment.

Directive Behavior

A leadership style characterized by providing clear instructions, guidance, and expectations to subordinates.