Which of the Following Statements Is True of the Consensus

question 33

Multiple Choice

Which of the following statements is true of the consensus decision making style?

• A) It involves managers making and announcing decisions.
• B) It involves managers deciding with groups.
• C) It involves managers asking groups for recommended action before deciding.
• D) It involves managers asking groups to come to a decision regarding an issue.

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Definitions:

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.

Loan

A sum of money that is borrowed and is expected to be paid back with interest.

Prime Rate

The interest rate that commercial banks charge their most creditworthy customers, often used as a benchmark in lending rates.

Negotiable

Capable of being transferred or sold with ease and having the ability to be converted into cash or equivalent.