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
Numerous things are excluded. For example, free of charge services are not counted such as those when family members help each other. In addition, producing things for yourself or others free of charge is also excluded. These are called non-market transactions.
Yes, because firms produce where the marginal benefit to consumers equals the marginal cost of production.
Answer: Account payable
Explanation:
The account payable is one of the type of department which track all the expenditures, purchasing order statement and the payment.
The main responsibility of the account payable is that it maintain all the historical records of the payment and also balance all the debt system. It is the process of recording all the important information or the data.
According to the given question, the debt basically created by the business during the process of borrows from the supplier or the vendors is known as the account payable.
Entrepreneurs are people that make their own business. Most businesses tend to have a rough start and can possibly even fail. It depends on how the person creating the business acts and how determined they are to make the business flourish. Although many rich people may of started off of just one product that got advertised well and was sold quickly. Even if it isn't a product but more so a service, you can be very successful. Just know what the people want.
Hope this helped!
