An Advantage of Decision-Making by a Committee in Lieu of an Individual

question 173

True/False

An advantage of decision-making by a committee in lieu of an individual is that committee deliberations are always faster than individual decisions.

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Definitions:

Financing

The act of providing funds for business activities, making purchases, or investing, through various means such as loans, equity, credits, or grants.

Property

Assets or possessions that are owned by an individual or entity, which can include real estate, intellectual property, and personal property.

Revolving Credit Agreement

A credit facility allowing a company to borrow up to a predetermined limit, repay, and borrow again.

Line of Credit

A credit facility extended by a bank or financial institution to a government, business, or individual customer that enables the customer to draw on the funds when needed.