Which of the Following Is a True Statement About the Japanese

question 61

Multiple Choice

Which of the following is a true statement about the Japanese ringi system?

• A) Acceptance of a decision relies on a single seal of approval.
• B) Decisions are made rapidly and with minimal consultation.
• C) Consensus on a decision is gathered both formally and informally.
• D) Decisions are made by upper-level managers in a top-down method.

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Definitions:

Labor Market

The supply and demand for labor, where employers seek to hire employees and employees seek jobs, and wages are determined.

Income-Maintenance Programs

Government programs designed to provide financial assistance to individuals or households to ensure a minimum level of income.

Aggregate Spending

The total amount of spending in an economy, including consumption, investment, government purchases, and net exports.

Medicare

In the United States, a national health coverage scheme available to individuals over 65, younger persons with specific disabilities, and those suffering from End-Stage Renal Disease.