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BMAS Mgmt (Ent., Ownership, Leadership Styles) Flashcards | StudBud

Explore/BMAS Mgmt (Ent., Ownership, Leadership Styles)

Laissez-Faire

Entrepreneurs... (multiple answers)

BMAS Mgmt (Ent., Ownership, Leadership Styles)

10 terms·StudBud Administration·413 plays

Management Unit review Entrepreneurship Forms of ownership Leadership styles

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Questions 10

Answers

1
Entrepreneurs... (multiple answers)
work for others
do not get any business earnings
identify unmet needs
take risk of business venture
2
Laissez-Faire
Little or no directions
Group doesn't experience feeling of "team"
Promotes teamwork
Limits new ways of doing things
3
What are the types of ownership? (Multiple answers)
Corporation
Sole proprietor
Partnership
Sole partner
4
It is it's own legal entity; high taxes
Partnership
Corporation
Sole proprietorship
5
Owned by shareholders
Partnership
Sole proprietorship
Corporation
6
Democratic:
No feeling of teamwork
Asks before tells
A person doesn't seem to be in charge
Limits discussion
7
You're your own boss; all profits go to you
Sole proprietorship
Partnership
Corporation
8
Autocratic:
Asks before tells
Gives no direction
Tells you what to do
Involves the group
9
Profits are shared; another source of income & expertise
Partnership
Corporation
Sole proprietorship
10
Owned by 2 or more people
Sole proprietorship
Corporation
Partnership