In an Autocratic Style of Management

question 37

Multiple Choice

In an autocratic style of management:

• A) managers see a value or necessity in having people work in teams.
• B) goal-setting and planning are primarily seen as a group effort.
• C) managers give employees total freedom to make decisions.
• D) the focus is on getting things done, and relationships are secondary.
• E) managers constantly seek input from their employees.

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Definitions:

Reserve Requirements

Regulations set by central banks determining the minimum amount of reserves a bank must hold against deposits.

Checkable Deposits

Bank account balances that can be easily withdrawn or used for payments without restrictions.

Credit Unions

Financial institution cooperatives made up of depositors with a common affiliation.

Open Market

A freely competitive market where buyers and sellers can trade goods, services, and securities without excessive regulations, often facilitating price determination through supply and demand.