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Empowerment Means Ensuring That Employee Have the Skills, Knowledge, and Authority

question 16

True/False

Empowerment means ensuring that employee have the skills, knowledge, and authority to make decisions that would otherwise be made by management.

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Definitions:

Debits

An accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet or in an expense on the income statement.

Debt Ratio

A financial ratio that compares the amount of debt a company has to its total assets.

Risk

The potential for loss or the chance that an investment's actual return will differ from the expected outcome.

Debts

Money owed by one party to another, which is to be repaid according to terms agreed upon by both parties.

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