When a Supervisor Solves a Problem or Makes the Decision

question 38

Multiple Choice

When a supervisor solves a problem or makes the decision himself, using the information available to him, he is using the _____.

• A) autocratic approach
• B) group concensus approach
• C) consultative approach
• D) optimum decision style

---

Definitions:

Account

A record or statement of financial expenditure and receipts relating to a specific period or purpose.

Effective Rate

The actual interest rate an investor receives or pays after the effects of compounding interest and all charges are considered.

End-Of-Month Payments

Payments that are due at the end of each month, commonly found in loan and lease agreements.

Finance Company

A business that provides loans to individuals or other businesses and generates profit from the interest on these loans.