ECONOMICS

COST ACCOUNTING

INFORMATION FOR DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
When a manager makes a decision after taking a few subordinates aside and sharing the situation with them and asking their opinions before they make their decision, this is what style of decision making?
A
Leading
B
accommodating
C
collaborative
D
semi-autocratic
Explanation: 

Detailed explanation-1: -Democratic leadership, also sometimes known as participative leadership, is a leadership style characterized by the leader’s choice to involve team members in the decision-making process. In all decisions, the leader has the final say, but they make decisions according to the input they receive from his team.

Detailed explanation-2: -Democratic leadership: Unlike autocratic or bureaucratic leaders, a democratic leader often welcomes subordinate participation in decision-making. This leadership style is often admired and can be effective in creative work environments that don’t require quick decisions.

Detailed explanation-3: -Participative management style Participative leaders normally involve their entire team. They encourage their employees to take part in decision-making and involve them in formulating plans and policies. This is sometimes called a democratic management style, as it decentralizes authority.

Detailed explanation-4: -Democratic or participative A democratic or participative manager’s decision-making process is heavily influenced by their employees. This style includes effective communication and openness through all levels of the organization, and employees and managers work together to reach the goals of their vision.

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