Topic 1

1. Leaders have the ability to influence others whereas managers are given power (10, 1, 9)
6. Internal - decisions made by entrepreneur External - factors the business can't control (5, 2, 4)
7. Very authoritarian, assuming that employees need constant supervision (6, 1)
8. The leader allows the employees to make the decision. However, the leader is still responsible for the decisions that are made (10, 4, 5)
10. Person who sets up a business and takes risks (12)

2. The leader is likely to consult the workforce before implementing any decision, but he is unlikely to listen too much of the feedback but the leader considers the welfare of the staff (13)
3. Using skills to turn ideas into a succesful business (10)
4. A choice between alternatives that an entrepreneur has to choose (5, 3)
5. The manager assumes that employees wish to be given praise and recognition for their achievements, they like to be given responsibility at work, and they wish to use their imagination, creativity and initiative (6, 1)
9. The benefit from the next best alternative that has been given up (11, 4)

Get Revising