X - too little time is spent communicating with store managers. Hey require prompt responses to their inquiries.
X - the numerous, recurrent complaints from the field suggest that your store managers are incapable of performing their duties. You must prepare to hire a more powerful management team.
How will the team be able to communicate its findings with your formal network?
You will receive the team's final report, which you will then share with your leads, who in turn will share it with each store manager to ensure that all questions are answered, and that communication is accurate.
When a rival across town abruptly shut down?
Janie's Gun Gallery saw a significant increase in patrons when a competitor across town abruptly closed. Janie motivated her staff to work harder to satisfy each customer's needs.
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All year-end tax reporting forms for the preceding calendar year must be delivered to the employees by ______________.
All year-end tax reporting forms for the preceding calendar year must be delivered to the employees by January 31.
This deadline applies to all forms, including the W-2 form, which reports an employee's wages and tax withholding for the year. The W-2 form is used by the employee to file their personal tax return.
If an employer does not deliver the required forms to their employees by the deadline, they may be subject to penalties. The penalties for failure to comply with the deadline are $50 per form, with a maximum penalty of $536,000 per year.
The deadline as January 31 for employees is to receive their W-2 forms is important because it allows them to file their personal tax return on time. Without the W-2 form, employees would have to estimate their income and taxes owed for the year, which could lead to errors and penalties.
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if a perfectly competitive firm increases production from 10 units to 11 units and the market price is $20 per unit, total revenue for 11 units is:
The total revenue for 11 units, given the market price per unit and the number of units, is $220.
How to find the revenue?In a perfectly competitive market, the market price is the same as the average revenue and the marginal revenue. This is because the market sets the price and the sellers need to follow.
Even if the number of units sold by a firm increases ( as it did from 10 units to 11 units) the selling price and therefore average revenue is the same.
This means that the total revenue for 11 units is:
= Number of units x Market price
= 11 x 20
= $220
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betty's bbq orally contracts with denny's design house for 10,000 matchbooks at the price of 10 cents per matchbook. the matchbooks are to be embossed with a logo to be designed by denny's design promoting betty's bbq. price, payment terms, and delivery terms are agreed upon between the parties. denny's design creates the logo, gets betty's bbq's approval of the design, and begins applying the logo on the matchbook covers. denny's design has almost finished the order when betty's bbq calls to say it has decided to make the eatery a smoke-free restaurant and cancels the order. denny's design sues, but betty's bbq states that the agreement is unenforceable under the statute of frauds. who wins?
Having won is Denny's Design House. This circumstance is exempt from the Statute of Frauds.
Fraud is when someone intentionally misleads another person in order to obtain illegal gain for themselves or to deprive a victim of their legal exempt rights. Tax, credit card, wire, securities, and bankruptcy fraud are some examples of fraud types. One person, several people, or an entire business organization can engage in fraudulent activity.
Fraud is the false portrayal of facts, whether through the purposeful omission of crucial information or the deliberate making of false representations to another party for the express purpose of obtaining something that could not have been made available without the deception.
Fraudsters frequently possess knowledge that the intended victim does not, which gives them the opportunity to fool them. In essence, the Fraud person or business committing fraud is profiting from information exempt asymmetry; especially, the fact that the resource cost of examining and validating such information may be high enough to deter substantial investment in fraud prevention.
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as a result of a thorough physical inventory, colt company determined that it had inventory worth $320,000 at december 31, 2020. this count did not take into consideration the following facts: walker consignment company currently has goods worth $47,000 on its sales floor that belong to colt but are being sold on consignment by walker. the selling price of these goods is $75,000. colt purchased $22,000 of goods that were shipped on december 27, fob destination, that is expected to be received by colt on january 3. determine the correct amount of inventory that colt should report.
c. $322,000 in inventory
Fright in refers to the buyer's shipping costs when purchasing the goods. These are included in the cost of purchasing inventory. On the other hand, the cost that the seller must pay to deliver the goods is called freight out. This is included in the cost of selling the goods.
Goods on Consignment 52,000 Adjusted Cost of Ending Inventory 322,000 Ending Inventory 270,000
When a product is sold, freight-in costs will be deducted from the cost of goods sold and capitalized into inventory as part of the production process. The cost of shipping finished goods to a distributor or retailer is called freight-in. Freight-out is a selling expense that is deducted when it is incurred.
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Harry just bought a new four-wheel-drive jeep cherokee for his lumber business. the price of the vehicle was $35,000, of which he made a $5,000 down payment and took out an amortized loan for the rest. his local bank made the loan at 12% interest for five years. he is to pay back the principal and interest in five equal annual installments beginning one year from now. determine the amount of harry's annual payment.
He has to pay back $8322 annually
The down payment is a percentage of the price paid by the buyer to the seller when entering the installment purchase system. The amount of the down payment is usually determined by the buyer and seller's mutual understanding.
Loan Amount = Vehicle Purchase Price
Down Payment =
$ 35, 000 - $ 5 000
= $ 30 000
The interest rate (r) = 10%.
The number of years (n) = 5.
EMI = ?
An equated monthly installment (EMI) is a monthly payment made by borrowers to lenders in a fixed amount. Interest and principal are both included in EMIs. The loan will be fully paid off after a certain number of EMIs are made.
EMI = (P x R x(1+R)^N / [(1+R)^N - 1]
= 30000 / 3.6
= $8322
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question content area a check for $342 was erroneously charged by the bank as $432. in order for the bank reconciliation to balance, you must add $90 to the bank statement balance. true false
In order for the bank reconciliation to balance, you must add $90 to the bank statement balance - True
A bank statement is a document that is delivered by a bank at the end of the month, detailing the balance of our accounts as well as any transactions that have occurred. Usually, the bank automatically withholds and processes the fees from the bank account. Therefore, any costs deducted from the account must be recorded by creating a journal entry when creating a bank reconciliation statement.
In the bank reconciliation statement, Interest earned is another factor that needs to be adjusted. In the example, the bank mistakenly charged $342 as $432, so the balance will be corrected by adding $90 to ensure that the final accounts are accurate.
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paid $70,000 cash to replace a motor on equipment that extends its useful life by four years. paid $350 cash per truck for the cost of their annual tune-ups. paid $280 for the monthly cost of replacement filters on an air-conditioning system. completed an addition to a building for $393,750 cash. 1. classify the above transactions as either a revenue expenditure or a capital expenditure. 2. prepare the journal entries to record the four transactions from part 1.
Paid $70,000 cash to replace a motor on equipment that extends its useful life by four years. paid $350 cash per truck for the cost of their annual tune-ups Capital expenditure.
Capital expenditures (CapEx) are funds used to purchase, repair, upgrade, or improve a company's fixed assets. B. A building, company, or facility. CapEx is different from day-to-day business, which falls into the category of operating expenses.
Capital Expenditure (CapEx) is the money a business uses to purchase, upgrade, or extend the life of an asset. Investing is a long-term investment. In other words, the useful life of the acquired asset is more than one year.
Capital expenditures are recorded in the PP&E section of the balance sheet. CapEx is also included in the investing activity section of the cash flow statement. Fixed assets are depreciated over time to spread the cost of the asset over its useful life.
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frederick corporation issues $100,000 of 8% bonds, due in 20 years, when the market rate of interest is 7%. interest is paid semiannually on june 30 and december 31. the issue price of the bonds is:
The bond is issued at a premium.
Which bonds will be priced higher than others?A premium bond is one that trades in the secondary market for more than its par value (original price). When a bond offers an interest rate that is higher than the currently available interest rates being offered for new bonds, it will trade at a premium. When a bond is issued for a sum greater than its principle, a bond issuance premium is created. When the stated interest rate on the bond is higher than the bond's current market yield, the issuer will issue the bond and the
feedback:
Correct. Given that the stated interest rate is 7%, the bond is being offered at a premium.
First, figure out the stated interest rate and then compare it to the going rate.
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the sandy beach resort, a family resort located in florida, promotes the months of september and october as its vacation value months. during this time, it offers reduced rates on rooms. it does this, in part, because most families don't vacation during this time due to their children being in school. the pricing tactic the sandy beach resort is using to encourage vacationing during these months is most likely
Sandy beach resort, a family resort located in Florida, promotes the months of September and October as its vacation value months encourage most likely with seasonal discounts and odd pricing.
Discount is a noun that describes a sum or a percentage subtracted from a product's usual selling price. Make sure you need all of the items you plan to buy before waiting until after the holiday when you can frequently find them at a significant discount. Discount is a noun that refers to a reduction in the cost of a good or service. a time spent traveling or engaging in leisure activities away from home or work. a predetermined time when activity (as of a court or school) is suspended. had a relaxing vacation at the beach.
Vacation, like so many other words that entered the language during the Middle English period, is derived from Anglo-French, a form of French that was spoken in medieval England, and ultimately from Latin.
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What is The total amount of Lily's debt payments each month (assuming she is only making minimum payments)?
The total amount of Lily's debt payments each month (assuming she is only making minimum payments) equals to an amount of $970.
What is a debt payments?Basically, a debt refers to anything owed by one party to another. Some examples of a debt include amounts owed on credit cards, car loans, and mortgages. A debt payment refers to the act of paying back money that you have borrowed.
The computation of the total debt payments is as follows:
= Credit card 1 + Credit card 2 + Credit card 3 + Auto loan + Student loan
= $180 + $115 + $245 + $285 + $150
= $970
Full question "Meet Lily. Lily is 25 years old. She graduated college with an Associates degree in General Business and works full-time as an office assistant. Lily really enjoys the company she works for, so she took a lower-paying position in the hopes of getting promoted in the near future. She makes a monthly net income of $2,805.92. Lily lives in a small, one-bedroom apartment approximately 20 minutes from her work. Lily overused credit cards while she was attending college and has the following debts:
Credit Card #1 $6,000.00 $6,000.00 18.9% $180.00
Credit Card #2 $3,855.66 $4,000.00 23.1% $115.00
Credit Card #3 $8,168.40 $8,000.00 18.9% $245.00
Auto Loan $15,000.00 n/a 2.9% $285.00
Student Loan $11,647.90 n/a 3.76% $150.00
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Refer to the data. Suppose that this bank currently has $6 million in excess reserves and that customers of this bank collectively write checks for cash at the bank in the amount of $6 million. As a result, the bank's excess reserves diminish to:
A) $0.
B) $6 million.
C) $0. 72 million.
D) $0. 84 million
The presented information indicates that the company's excess reserves have decreased to $0.84 million.
Who are these customers, exactly?An individual or company that orders products or services from that other company is known as a customer. Customers are important since they bring in money. Without them, businesses would not continue to operate.
Customers and consumers are who?The person making the purchase is the customer. The final user of any service or product is the consumer. Consumers are not permitted to sell any goods or services again. Customers must spend money on a good or service before using it.
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jasmine corporation has a sales price of $20, variable costs of $16 per unit, and fixed costs of $22,000. contribution margin is $58,000. how many units did jasmine sell?
Jasmine Corporation's selling price of $20, variable cost per unit of $16, Jasmine sold 14,500 units. Here option D is the correct answer.
The contribution margin per unit is calculated by dividing the selling price of the product by the variable cost of manufacturing. The contribution margin per unit is the amount each sale brings to pay fixed costs. Profit per unit sold is shown if fixed costs are covered.
The selling price per unit is the amount that a customer will pay for a single item. For example, the price a customer pays for one book would be the selling price per unit for a business that makes books.
The margin of contribution per unit = Price per unit of sale - Variable Cost per unit
Contribution margin per unit = $20 - $16
= $4
No. of units = Total contribution margin/contribution margin per unit
= $58,000/$4
= 14,500 units
Complete question:
Jasmine Corp. has a selling price of $20, variable costs of $16 per unit, and fixed costs of $22,000. The contribution margin is $58,000. How many units did Jasmine sell?
A - 13,000
B - 20,500
C - 6,300
D - 14,500
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At the end of the year 2 accounting period, deyoung company determined that the market value of its inventory was $79,800. The historical cost of this inventory was $81,400. Defazio uses the perpetual inventory method. Assuming the amount is material, how will the entry necessary to reduce the inventory to the lower of cost or market affect the elements of the company’s financial statements?.
The entries required to reduce inventory to a decreased value or marketplace make a company's economic statements by reducing a company's overall assets, gross margin, and internet profit.
Marginal cost refers to the value to provide one additional unit of manufacturing. It is a crucial idea in price accounting as marginal value helps decide the maximum green stage of manufacturing for a production process. It is calculated by determining what costs are incurred if one extra unit is best and what prices are incurred if best one extra unit is manufactured. The relation between marginal cost and inventory is marginal price represents the incremental expenses incurred while generating extra devices of an excellent or service. It is calculated by taking the whole alternate in the price of manufacturing greater items and dividing that through the alternate in the variety of products produced.
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international economics how much labor is employed in the prodcuton of jackfruits after trade is opened and which product does cambodia export when trade is allowed?
Cambodia export textile goods when trade is allowed and an estimate of 25000 labors is employed in the production of jackfruits.
What is international economy , how many labors for jackfruit production and what product does cambodia export?International economy is the economy of exports and imports across countries and nations for the benefit of the company.Here the question is asked of the number of labors employed for jackfruit production and what product cambodia export when trade is allowed.Hence the number of labors employed in the production of jackfruits is about 25000 and the cambodia export textile goods when trade is allowed.International economy is all about the interactions of economy, goods between countries , for example the trade growth between china and India.Hence the international economy 25000 labor is employed in the production of jackfruits after the trade is opened and the product that cambodia export when trade is allowed is textile goods.To know more about trade visit:
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jake is another investor who currently owns shares of esolver stock. he would like to place a particular kind of limit order, in which the order is canceled if it cannot be executed immediately at the specified price or better. this type of order is known as
Jake is another investor who currently owns settlement stock. he wants to place a specific type of limit order, where the order is canceled if it cannot be filled immediately at the specified price or better. This type of order is known as good-till-canceled order.
A Good-Till-Canceled (GTC) order is an order to buy or sell a stock that lasts until the order is completed or cancelled. Brokerage firms often limit the time an investor can open a GTC order. This timeframe can vary between brokers.
Daily orders will remain active during the current day and automatically canceled at the end of the day if they have not been filled. Otherwise, the GTC command remains in effect until it is executed or deleted.
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an education company is uploading image assets for their app campaign. what are three guidelines they should follow to optimize their image asset mix?
An education company is providing visual assets for its app marketing. The three recommendations they should follow to optimize their image asset mix are as follows: Include broad borders to improve image clarity.
A business, abbreviated as co., is a legal body that represents an association of persons, whether natural, legal, or a combination of the two, with a specified goal. Members of the company work together to attain certain, stated goals. Companies can take several shapes. A business can be formed as a legal person so that the company itself has limited responsibility as members perform or fail to perform their duties in accordance with the publicly stated incorporation or published policy. When a firm closes, it may need to be liquidated in order to avoid ongoing legal liabilities.
Corporations can form alliances and register as new companies as a group; the resulting entities are generally referred to as corporate groups.
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billy bob's barber shop knows that a 10 percent increase in the price of their haircuts results in a 15 percent decrease in the number of haircuts purchased. the elasticity of demand facing billy bob's barber shop would be considered to be?
Billy bob's barber shop knows that a 10 percent increase in the price of their haircuts results. The price elasticity of demand is 1.5
Price elasticity of demand is the rate of the chance change in volume demanded of a product to the chance change in price. Economists employ it to understand how force and demand change when a product's price fluctuations.
Calculating the problem:Price elasticity of demand = % change in quantity demanded / % change in price .
price elasticity = - 15% / 10 %
= - 1.5
Demand is price elastic as absolute value of price elasticity > 1 .
What's meant by price elasticity?Price elasticity of demand is a dimension of the change in the consumption of a produce in relation to a change in its price. Expressed mathematically, it's Price Elasticity of Demand = Chance Change in Quantity Demanded ÷ Chance Change in Price.
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what is the role of Scientific management in the modern era?
The Scientific management in the modern era is management that analyzes and synthesizes workflows.
The role of Scientific management in the modern era is improving economic efficiency, especially in the labor productivity. It is a systematic approach to handle management problems. It implies scientific techniques in method of work, recruitment, selection and training of workers.
Scientific management in the modern era is helped in the enhanced production. The employees perform repetitive tasks and are therefore easily controlled by the management.
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suppose the fed would like to reduce the interest rate in the broader markets and decides to buy 10 billion dollars worth of bonds from the public. it estimates that the excess reserve ratio in the economy is 0.15 and the cash ratio is 0.1. currently the required reserve ratio is 0.1. what is the value of the deposit multiplier?
the value of the deposit multiplier is 10
The deposit multiplier depends on the required reserve.
Deposit multiplier = 1/required reserve ratio = 1/0.1 = 10
The deposit multiplier is the maximum amount of money a bank can create for each unit of money held in reserves. The deposit multiplier is a percentage of the amount of money on deposit at the bank that can be loaned. That percentage is normally determined by the Federal Reserve's reserve requirement.
The deposit multiplier is critical to the stability of an economy's basic money supply. It is a component of the fractional reserve banking system, which is now used by banks in the majority of countries around the world.
The deposit multiplier is the maximum amount of money a bank can create in checkable deposits for each unit of reserve money.
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in the context of abc inventory analysis, which of the following statements is true of class c items? question 8 options: they require close control by operations managers. they comprise more than 80 percent of the total dollar usage. they can be managed using automated computer systems. they make up less than 10 percent of inventory items.
In the context of ABC inventory analysis, they can be managed using automated computer systems.
The ABC inventory analysis divides inventory into three major categories: A, B, and C, with group A items being the most valuable and group C things being the least valued.
Similar in concept to the Pareto principle, this approach is based on the idea that organizations should concentrate on a small number of goods, services, or methods that provide the greatest profit relative to other goods/services.
Group A goods must be closely monitored by operations managers since they are essential to the performance of the supply chain and are rarely handled by fully automated systems.
Similar to the Pareto principle, A items often account for 10–20% of the total item share and provide 70–80% of overall profit.
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What would be the main benefit of paying in cash for a car instead of taking out a loan?.
Answer:
You can pay immediately, with no charge from your bank when paying with cash.
Explanation:
an executive prepares for retirement by depositing $9000 into an annuity each year for 10 years. the annuity earns 5.9% per year. find the future value of the annuity at the end of 10 years. (round your final answer to two decimal places.)
Future value of the annuity at the end of 10 year is $98392.88 as an executive prepares for retirement by depositing $9000 into an annuity each year for 10 years .
What is Annuity ?
An annuity is a series of payments delivered at regular periods in the investing world. Regular savings account deposits, mortgage payments, insurance premiums, and pension payments are all examples of annuities. The periodicity of payment dates allows for the classification of annuities. The payments (deposits) may be paid every week, every month, every four months, every year, or at any other regular frequency. Mathematical operations referred to as "annuity functions" can be used to compute annuities.
A life annuity is an annuity that offers payments throughout the balance of the owner's lifetime. An annuity-payments immediate's are made at the conclusion of each payment period, allowing interest to accumulate between the time the annuity is issued and the first payment. An instant payment is paid to the issuer since annuity-due payments are made at the beginning of payment periods.
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joyner company has the following historical collection pattern for its credit sales: 60% collected in month of sale 20% collected in the first month after sale 15% collected in the second month after sale 4% collected in the third month after sale 1% uncollectible budgeted credit sales for the last six months of the year follow. july $ 49,000 august 54,000 september 59,000 october 64,000 november 69,000 december 61,500 required: a. calculate the estimated total cash collections during october. b. calculate the estimated total cash collections during the year's fourth quarter.
An estimate of the anticipated cash payments and receipts during the budget period is known as a cash budget. It is a crucial cash management tool that assists in determining whether there will be cash surpluses or shortages during the period.
How Does a Cash Budget Work?An estimate of a company's cash flows over a specific time period is called a cash budget.This could be done for an annual, quarterly, weekly, or monthly budget.The purpose of this budget is to determine whether the company has enough cash on hand to continue its operations for the allotted amount of time.
How crucial is the cash budget?For determining a company's financial stability, a cash budget is essential. You can keep track of how much money comes into and goes out of a business over time with this budget.
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a limited-service wholesaler that furnishes the shelves that display merchandise in retail stores, performs all channel functions, and sells on consignment to retailers is a
A limited-service wholesaler that furnishes the shelves that display merchandise in retail stores, performs all channel functions, and sells on consignment to retailers is a Rack Jobber.
What is a Rack Jobber?
A vendor known as a "rack jobber" hires space in a store or supermarket to sell and display goods. A lot of rack jobbers are distributors who import goods from bigger wholesalers to sell in neighborhood shops. Others really produce or manufacture their own goods, and they enter into agreements with store owners to use floor space. When business is conducted in this way, both the rack jobber and the store owner benefit since the jobber may expose his or her goods to a large consumer base and the store owner gets to split the earnings without having to take inventory or replace inventory. While some rack jobbers only conduct business with one chain or store, others operate with many merchants.
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which firm has highest bargaining power against buyers who buy products and either pay in cash or issue accounts payable?
Supplier negotiating power and the threat of new competitors have little effect on companies like JPMorgan. Payment services and peer-to-peer lending are two replacement goods that continue to pose a challenge to the financial sector.
Companies and their stocks goods can be analyzed in a variety of ways. The Porter's Five Forces Model, an approach that examines external variables inside a particular industry, is one way to achieve this. Continue reading to learn how JPMorgan Chase, one of the competitors financial firms in the world, is affected by these five influences. Payment services and peer-to-peer lending are two replacement goods that continue to pose a challenge to the financial sector.
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iven a prior forecast demand value of 1,100, a related actual demand value of 1,000, and a smoothing constant alpha of 0.3, what is the exponential smoothing forecast value? multiple choice 1,130 1,030 1,070 970 1,000
The exponential smoothing forecast value is Option(b) 1,030.
Given in the Question:
Forecast demand value = 1,100
Actual demand value = 1,000
Smoothing constant alpha = 0.3
Now, we will compute the exponential smoothing forecast value:
Exponential smoothing forecast value = 1,000 + 0.3 x (1,100-1,000)
Exponential smoothing forecast value = 1,000 + 0.3 x (100)
Exponential smoothing forecast value = 1,000 + 30
Exponential smoothing forecast value= 1,030
Hence, the exponential smoothing forecast value is 1,030.
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if you have a problem in which the remedy will be between $1,500 and $3,000, the appropriate tool to use would be a:
When we have a problem in which the remedy will be between $1,500 and $3,000,The appropriate tool to use would be a small claims court.
Small claims court is used to claim for money or the recovery of personal property valued at under $750. Small claims court is also used to the similar various of claims valued from $750 to $10,000 by people who do not want to use a lawyer and who want to get their case heard relatively rapidly. If you operate the Claim and Notice shape in Supporting Documents below, you may want one whole authentic to report with the Court. Upon charge of the $37 submitting fee, copies might be made and licensed for service. If you want extra copies, you should buy them for.
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a food employee applies soap and warm water. rubs hands together for 15 seconds. cleans wrists, arms, and under fingernails. rinses and dries with a disposable towel. which is true?
The correct procedure to be followed by the food employee is to Rinse hands and apply soap then Rub hands together and scrub for at least 10 to 15 seconds after that Clean wrists and under fingernails in the end rinse the soap off.
Food is a substance a certain is consumed to support microbes with vitamin. Foods are usually of plant, animal or fungal origin and contain essential nutrients such as carbohydrates, fats, proteins, vitamins and minerals.
This substance is taken up by living organisms and assimilated into the organism's cells to provide energy, sustain life and stimulate growth. Different animal species have evolved distinct feeding behaviors that meet unique metabolic needs, often in order to meet specific ecological niches within specific geographic contexts.
The question is complete hence the complete question is-
A food employee uses this procedure to wash her hands. Is it correct?
1. Rubs hands together and scrubs for 1 minute.
2. Rinses hands and applies soap.
3. Cleans wrists and under fingernails
.4. Rinses the soap off.
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many services marketers use training and standardization to reduce service knowledgeability. intangibility. perishability. heterogeneity. inseparability.
Many service marketers employ training and standardization to limit the (b) perishability of service expertise.
Perishability is a marketing term that describes how service capacity cannot be preserved for future selling. It is a fundamental notion in service marketing.
Intangibility, inseparability, fluctuating demand, service pricing, heterogeneity, and variability are also important aspects of services.
Perishability is a property of products and services that prevents them from being stored for sale at a later date.
Consider perishable foods to better understand perishability. Perishable foods are those that have a short shelf life and will degrade in a short period of time.
Perishable refers to any product or service that cannot be stored.
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the design team is frustrated because their supervisor, mario, is a control freak who has no interest in hearing the team's opinions. which style of leadership decision-making does mario exhibit?
The design team is displeased with their manager, Mario, because he is a control freak and has no interest in learning what the team thinks. Mario demonstrates an authoritarian style of decision-making.
What is the decision-making approach of an authoritarian leader?An individual who practices authoritarian leadership, often referred to as autocratic leadership, has complete decision-making authority and ultimate control over his subordinates.
When a decision is made in an autocratic manner, the leader retains power and accountability. Without consulting the group, you make and communicate the decision as the collaborative leader. Advantages: Autocrats make decisions quickly.
Authoritarian leaders typically make decisions based on their own opinions and beliefs and hardly ever take advice from their followers. Absolute control over a task or group is a hallmark of authoritarian leadership. Examples of authoritarian leadership include President John F. Kennedy and Bill Gates.
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