The Purpose of Employee Empowerment Is to

question 43

Multiple Choice

The purpose of employee empowerment is to

• A) ensure that effective decisions are made by management
• B) provide a mechanism by which responsibility for job-related decisions is vested in either individuals or in work teams
• C) ensure that the customer always gets what they want
• D) ensure all decisions are correct in the eyes of management and the guest

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Definitions:

Full-Service Broker

A financial services professional who provides a wide range of investments advice and management, including research and personalized advice.

Discount Broker

A brokerage firm that provides transaction execution services without offering investment advice, often at lower costs than full-service brokers.

Commission Fee

A service charge assessed by a broker or agent for facilitating a transaction, typically a percentage of the transaction amount.

Fiscal Year

A one-year period that companies and governments use for financial reporting and budgeting, which may not coincide with the calendar year.