A Task Force Must Decide Whether the Company Should Go

question 69

Multiple Choice

A task force must decide whether the company should go public and start selling its stock. Task force members have decided to continue their discussion until all team members have aired their opinions and, ultimately, agree. What method for reaching group decisions is this team using?

• A)majority
• B)consensus
• C)authority rule with discussion
• D)averaging

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Definitions:

Control

The ability to control the economic and functional strategies of an organization in order to gain advantages from its operations.

Financial Policies

Guidelines, rules, and procedures created by a company to govern its actions in the financial market, including investment, allocation, spending, and financing activities.

Operating Policies

Guidelines and protocols established by a company to govern its day-to-day operational activities and decisions.

Acquiring Entity

The company or organization that purchases or acquires control of another company, typically through a merger or acquisition process.