Which of the Following Is True of the Voting Process

question 47

Multiple Choice

Which of the following is true of the voting process in a team?

• A) It is a short and quick process.
• B) It ensures people in the minority are content.
• C) It makes it easy for all participants to commit to the plan.
• D) It occurs after consensus has been arrived at.
• E) It should not be used in the decision-making process.

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Definitions:

Interest Expense

The financial liability incurred from borrowing funds that an entity faces over a predetermined period.

Dividend Payments

Payments made to shareholders out of a corporation's earnings reflecting their share in the ownership.

Operating Expense

Ongoing costs for running a product, business, or system, not including the cost of goods sold but encompassing items like salaries and rent.

Wages Expense

The total amount of wages paid to employees during a specific period as an expense to the company.