Involving Employees in the Decision-Making Process Is

question 8

Multiple Choice

Involving employees in the decision-making process is:

• A) a passive management style.
• B) a participative management style.
• C) an autocratic management style.
• D) impossible for small businesses.

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Definitions:

Capital Expenditures

Original cost of an asset as well as additions or enlargements, extraordinary repairs, and betterments.

Budgeting

The process of creating a plan to spend your money, allocating future income towards expenses, savings, and debt repayment.

Equipment

Tangible property used in operations, such as machinery or computers, which has a useful life beyond a single reporting period.

Furniture

Tangible, movable objects intended to support various human activities such as seating, eating, and sleeping, often considered a fixed asset in business accounting.