Empowering Workers Means Permanently Passing Decision-Making Authority and Responsibility from Managers

question 50

True/False

Empowering workers means permanently passing decision-making authority and responsibility from managers to workers.

---

Definitions:

Property Value

The market worth of a property, including land and any buildings on it, influenced by location, condition, and market trends.

Market System

A market system is an economic system in which decisions regarding investment, production, and distribution are based on supply and demand, and prices are determined in a free price system.

Property Rights

Property rights are the legal rights to use, control, and dispose of property, including land, buildings, or intellectual property.

Central Planning

A system where a nation's government makes all decisions regarding the economy, including resources allocation and production levels.