Answer:
Participation is needed to obtain necessary commitment
Explanation:
Decision Making Process is a process of Evaluation of various alternatives available through several methods like forecasting.
During evaluation, risk, time and the efficiency of these alternatives are checked.
Team-centred decision making style is preferable when;
1. Relevant information and how to go about issues cannot be not properly arranged by one person
2. Participation is needed for commitment
3. Making one individual as the central power hurts the team
4. If an uncommon decision is to be made
Planning is often called the primary management function because,
a. it establishes the basis for all the other things managers do
-Mabel <3
Answer:
c. There are more unemployed resources.
Explanation:
Equilibrium level of income is the level of income where aggregate supply in the economy is consistent with aggregate demand. that is the level of income planned savings is equal to planned expenditure. the equation can be written as S = I. where S = savings and I = investments
At equilibrium income level, aggregate expenditure is equal to aggregate output. The equilibrium equation can be written as Y = C+I+G+X-M where
Y = national income, I = investment expenditure of the firm, G = government expenditure on goods and services, X = export, M = import.
