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Explain relatively distinct leadership styles.
The three relatively distinct leadership styles are as follows:
a) Authoritarian - leader makes all decisions unilaterally and demands obedience of all subordinates.
b) Democratic - leader consults and discusses his subordinates.
c) Free Rain or Laissez-Faire - leader exercises minimum controls and provides complete freedom to subordinates to act and decide.
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The Hickory Cabinet and Furniture Company has decided to concentrate on the production of chairs. The fixed cost per month of making chairs is $7,500, and the variable cost per cha
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