When the Managerial Style Is Participative,the Appropriate Control Style Is

question 31

Short Answer

When the managerial style is participative,the appropriate control style is ____________________.

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Definitions:

Opportunity Cost

The loss incurred from potential opportunities when one choice is made over others.

Absolute Advantage

A condition where a country, entity, or individual can produce a good or service more efficiently than competitors using the same amount of resources.

Comparative Advantage

The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost compared to others.

Minutes

Units of time equal to one-sixtieth of an hour or 60 seconds, often used to measure the duration of events or periods of time.