Recently, a Newly Appointed CEO of a Major Corporation Began

question 57

Multiple Choice

Recently, a newly appointed CEO of a major corporation began by firing the entire management committee. A few months later, this same executive, fired two of his hand-picked senior executives. From this information, it is obvious that this executive was more concerned about his employees' ______ than their job satisfaction. In terms of Fiedler's contingency theory, this executive was most concerned with establishing ______ .

• A) situational favorableness
• B) Consideration
• C) position power
• D) goal commitment
• E) empowerment quality

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Definitions:

Compounded Quarterly

The process of calculating and adding interest to the principal sum of a deposit or loan every three months.

Outstanding Balance

The total amount of money that is still owed on a loan or a line of credit that has yet to be paid.

Semi-annually Compounded

A reiteration of interest calculation and addition to the principal balance every half year, facilitating growth in investments or debt.

Nominal Rate

The stated interest rate of an investment or loan, not adjusting for inflation or the compounding of interest.