Which of the Following Is MOST Likely to Be Used

question 22

Multiple Choice

Which of the following is MOST likely to be used within a large organization as a formal procedure to increase empowerment?

• A) A referendum must be held to allow members to decide an issue.
• B) Elected representatives from each major subunit participate on a governing council.
• C) Members attend a meeting to determine an important issue by direct participation.
• D) A pressing issue is determined by a majority vote of members of the organization.

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Definitions:

Compounded Quarterly

Interest calculated four times a year on both the initial principal and the accumulated interest from previous periods.

Amortized Over

The process of paying off a debt over time through regular payments, which cover both principal and interest.

Compounded Monthly

This involves the addition of interest to the principal sum of a deposit or loan each month, affecting the total interest accrued over time.

Compounded Quarterly

Interest calculated on an investment or loan on a quarterly basis where the interest is added to the principal, resulting in interest on interest for the next quarter.