In Participative Management _____________

question 30

Multiple Choice

In participative management _____________

• A)employees are involved in the company's decision making.
• B)all top-level managers participate in profit sharing.
• C)teams are discouraged in favour of individual achievement.
• D)an authoritarian management model is used.

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Definitions:

Senior-Citizen Discounts

Reduced prices offered to elderly individuals, typically those aged 65 and over, as a benefit for their age.

Cash Rebates

Refunds offered to consumers as an incentive to purchase a product or service.

Inelastic Supply

Characterizes a situation where the quantity supplied of a good is not significantly changed by the price of that good.

Antiques

Objects of considerable age valued for their artistic, historical, or collectible qualities.