What Are Statutory and Voluntary Deductions

question 10

Essay

What are statutory and voluntary deductions?

Distinguish between personal and position power, and their sources.

Recognize the importance of ethical decision-making in leadership.

Explain the concept of leadership style and its impact on team and organizational dynamics.

Assess how leadership is intertwined with other management functions to achieve organizational goals.

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Definitions:

Product Quality

The measure of a product's ability to meet or exceed customer expectations.

Customer Service

It is the support and assistance provided by a company to the people who use or buy its products or services.

Dominant Values

Refer to the prevailing or most important values that are shared among a group, culture, or individual, influencing behavior and decision-making.

Organizational Culture

encompasses the values, beliefs, and behaviors that contribute to the unique social and psychological environment of an organization.