In Decision by Majority, It Is Important to

question 3

Multiple Choice

In decision by majority, it is important to

• A) Vote openly so everyone can see where the others stand
• B) Emphasize that the majority is most likely to be right
• C) Fairly consider the views of the minority
• D) Insure that those in authority implement the decision

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Definitions:

Office Equipment Depreciation

The process of allocating the cost of office equipment over its useful life, recognizing it as an expense on financial statements.

Direct Costs

Expenses that can be directly traced to the production of specific goods or services.

Indirect Costs

Expenses that are not directly tied to the production of goods or services, such as overhead, administration, and salaries.

Salespersons' Salaries

Fixed or variable payments made to sales staff as compensation for their services, typically involving a base salary and possibly commissions.