The Style of Management Which Asserts That Involved and Committed

question 23

Multiple Choice

The style of management which asserts that involved and committed workers are key to increased productivity and which implements "quality circles" is

• A)Theory X.
• B)Theory Y.
• C)Theory Z.
• D)the human relations model.

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Definitions:

Understandability

This refers to the quality of financial information that makes it comprehensible to users who have a reasonable knowledge of business and economic activities.

Liabilities

Financial obligations of a business that represent claims against its assets by outsiders.

Stockholders' Equity

Represents the ownership interest of shareholders in the assets of a company, calculated as total assets minus total liabilities.

Creditors' Risk

The risk to lenders that a borrower will not repay a loan or other credit extended, potentially leading to financial loss.