Participative Management Is a Method of Management in Which

question 49

Multiple Choice

Participative management is a method of management in which:

• A)subordinates share a significant degree of decision-making power with their immediate superiors
• B)subordinates make corporate decisions and management helps carry out those decisions
• C)low-level workers meet occasionally with the CEO to discuss problems within their department
• D)all upper management participate in the organisation's strategic planning

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Definitions:

Opportunity Cost

The lost potential gain from other alternatives when one option is chosen.

Interest Rate

The percentage of a loan amount charged by a lender to a borrower for the use of assets, typically expressed as an annual percentage.

Miller-Orr Model

A financial model used for managing cash flows and cash reserves, focusing on maintaining balances within certain limits at minimum cost.

Upper Limit

The maximum value or level that is allowed or attainable in a given situation.