Which of the Following Describes the Autocratic Decision Procedure

question 81

Multiple Choice

Which of the following describes the autocratic decision procedure?

• A) The manager makes a decision alone without asking for the opinions or suggestions of other people, and these people have no direct influence on the decision; there is no participation.
• B) The manager asks other people for their opinions and ideas and then makes the decision alone after seriously considering their suggestions and concerns.
• C) The manager gives an individual or group the authority and responsibility for making a decision; the manager usually specifies limits within which the final choice must fall, and prior approval may or may not be required before the decision can be implemented.
• D) The manager meets with others to discuss the decision problem and make a decision together; the manager has no more influence over the final decision than any other participant.

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds, typically reported as a line item in the income statement.

Payout Ratio

The proportion of earnings paid out as dividends to shareholders, typically expressed as a percentage.

Dividend Payout Ratio

A financial measurement that calculates the percentage of net income distributed to shareholders in the form of dividends.

Retention Ratio

A financial metric indicating the percentage of a company's income retained and reinvested after dividends are paid to shareholders.