When All the Members of a Team Agree to a Decision

question 132

Multiple Choice

When all the members of a team agree to a decision, it is referred to as the _____ way of decision making.

• A) decision by lack of response
• B) decision by authority rule
• C) decision by minority rule
• D) decision by consensus
• E) decision by unanimity

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Definitions:

Operating Activities

Operating activities involve the core business functions of a company, including production, distribution, and sales, determining cash flow from primary business operations.

Interest Expense

The monetary burden placed on an entity due to borrowing capital over a specified timeframe.

Market Rate

The prevailing interest rate available in the market for loans or the return on investment securities.

Adjusting Entry

An accounting journal entry made at the end of an accounting period to update the accounts and ensure they comply with the accrual basis of accounting.