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What are the relatively distinct leadership styles?
The three relatively distinct leadership styles are as illustrated below:
1. Authoritarian: leader makes every decision demands and unilaterally obedience of all subordinates.
2. Democratic: leader firstly discusses and then consults his subordinates.
3. Free Rain or Laissez-Faire: Here leader exercises minimum controls and provides full freedom to subordinates to act and decide.
last year''s profit and loss account is which catagory ? asset or liability
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