Racz describes a micromanager as a manager who doesn't give you a lot of breathing room. micromanagers often stifle workers and don't allow them to gain broad-based skills and experience. such constrictions could result in placing the organization at a competitive disadvantage. the term is often used to refer to the specific set of departmental skills, knowledge, and experience that allows one organization to outperform its competitors.

Which of the following is true concerning the 5/5 lapse rule? a) the 5/5 lapse rule deems that a taxable gift has been made where a power to withdraw in excess of $5,000 or five percent of the trust assets is lapsed by the powerholder. b) the 5/5 lapse rule only comes into play with a single beneficiary trust. c) amounts that lapse under the 5/5 lapse rule qualify for the annual exclusion. d) gifts over the 5/5 lapse rule do not have to be disclosed on a gift tax return.