If There Is Much Employee Participation in Decision Making, the Organisation

question 52

True/False

If there is much employee participation in decision making, the organisation structure is decentralised, regardless of the nature of the decisions being made.

---

Definitions:

Cash Cycle

The period between the outlay of cash for the purchase of raw materials and the collection of cash from the sale of products, indicating the efficiency of a company's cash management.

Operating Cycle

The duration between the acquisition of inventory by a company and the collection of payment for the sales of that inventory.

Bank Financing

The process of obtaining capital through the borrowing of funds from a bank.

Collection Period

A metric that measures the length of time it takes for a business to convert its accounts receivable into cash.