Recall and Define: Structured Absent Group,nominal Group,and Consensus Decision-Making

question 7

Essay

Recall and define: structured absent group,nominal group,and consensus decision-making.After defining the elements of each,describe what you believe are the shortcomings of each process.

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Definitions:

Blank Checks

Blank checks are checks that are not filled out, having no specified amount of money written on them, but signed and ready to be used for any amount.

Safeguarded

In the context of finance and accounting, safeguarded refers to measures or controls implemented to protect assets from loss, theft, or unauthorized use.

Cash Disbursements

The funds that are paid out by a business, typically documented in a cash disbursements journal.

Money Orders

A payment order for a pre-specified amount of money, often used as a safer alternative to cash or personal checks.