Ben just announced to his employees that if they meet the sales goal for the month of August, they can have a paid four-day vacation. Which of the following styles of leadership is being used by Ben in this case?

A. Laissez-faire
B. Contingent reward
C. Passive management-by-exception
D. Active management-by-exception
E. Transformational

B

Business

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Marlow Company purchased a point of sale system on January 1 for $3,400. This system has a useful life of 10 years and a salvage value of $400. What would be the depreciation expense for the first year of its useful life using the double declining balance?

A. $300 B. $2,320 C. $2,720 D. $680

Business

Ben is considering the purchase of a $75,000 whole life policy. Which of the following options would tend to lower his premiums?

A) The waiver of premium option B) The addition of a cost-of-living rider C) Paying premiums annually as opposed to monthly D) The addition of a guaranteed insurability rider"

Business