Knowing When to Have the Entire Team Participate in the Decision-Making

question 17

Multiple Choice

Knowing when to have the entire team participate in the decision-making process or when to have only the team leader make the decisions depends on the situation and the desired outcomes.Which situation would warrant individual decision making?

• A) The task and the outcome are relatively simple.
• B) It is unlikely that the group will reach a consensus.
• C) A decision has to be discussed thoroughly.
• D) A number of options need to be considered.

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Definitions:

Profit Margin

A financial metric that measures the extent to which a company or a business activity makes money, expressed as a percentage of sales revenues.

Debt-Equity Ratio

The ratio that evaluates the equity-versus-debt financing approach for company assets.

Return on Equity

A measure of financial performance calculated by dividing net income by shareholder's equity, indicating how well a company uses investments to generate earnings growth.