Leadership styles
Power
In Order
money
Types of Business Ownership
100
Laissez faire or free rein
What style encourages the group to make all decisions
100
Authority
the power or right to make decisions, give directions, and enforce rules
100
Organizational chart
shows the hierarchy of a busienss and how it is organized
100
total sales
what is revenue
100
corporation
What is type of ownership where ownership is gained by sale of stocks
200
autocratic
What style is leader centered
200
Middle management
Enforces decisions that are given by higher ups
200
How many levels of management are there?
3
200
revenue - ______ = Profit
what is an expense
200
sole proprietorship
What is a business owned by one person
300
democratic
What style is based on the vote of the group
300
Supervisor
not a manager, but still helps oversee basic daily operations
300
Hiarchy
the line of authority (who reports to who)
300
sally joe anne made $225 with her lemonade stand, but she spent $75 on expenses. What is her profit
$150
300
partnership
What is a business owned by 2 or more people
400
autocratic
What style uses coercive power
400
deligation
assigning a task to others to complete a larger goal
400
Leadership and management are the same
(t or f)
False
400
If I spent $75 on products and and I want to make $100 in profit, how much do I need to sell?
$175
400
unlimited liability
What is the liability of a sole proprietorship
500
democratic
What style is used by Mr Romo
500
CEO or Upper Management
Makes all major decisions and sets goals that others need to achieve
500
how many people report to the systems engineer?
3
500
If my hug booth made $200 in revenue, my expenses were $25 for decorations, and my friend donated additional water and supplies worth $35, how much profit did I make from giving hugs?
$175
500
this is the easiest and cheapest type of business to start
what is a sole proprietorship