1. Journal entry on January 1, 2024: Debit Bonds Receivable, Credit Cash.
2. Journal entry on June 30, 2024: Debit Interest Receivable, Credit Interest Revenue.
3. Journal entry on December 31, 2031: Debit Interest Receivable, Credit Interest Revenue.
To answer this question, we need to consider the perspective of Wang Communications, the investor who purchased the bonds from Universal Foods.
1. On January 1, 2024, when Wang Communications purchases the bonds, they would record the following journal entry:
- Debit Bonds Receivable: [amount of the bonds]
- Credit Cash: [amount paid for the bonds]
2. On June 30, 2024, when recording interest revenue, Wang Communications would use the straight-line method to calculate the interest for the period. Let's assume the bonds have a face value of $10,000 and an annual interest rate of 5%. The straight-line method calculates equal interest revenue over each interest period. Given the bonds have a 10-year term, there would be 20 semiannual interest periods. The journal entry would be:
- Debit Interest Receivable: [$10,000 x 5% x 6/12]
- Credit Interest Revenue: [$10,000 x 5% x 6/12]
3. On December 31, 2031, the final interest revenue journal entry would be the same as in step 2, reflecting the interest earned for the period ending December 31, 2031.
Remember to adjust the numbers used in the journal entries based on the actual bond details provided in the exercise.
In summary:
1. Journal entry on January 1, 2024: Debit Bonds Receivable, Credit Cash.
2. Journal entry on June 30, 2024: Debit Interest Receivable, Credit Interest Revenue.
3. Journal entry on December 31, 2031: Same as step 2.
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The characteristic of successful supervisors that involves listening to what employees have to say is known as
any two importance of office resources
Two importance of office resources are greater output and promote productivity .
What are office resources ?All of the resources and amenities found in an office, including people, tools and supplies, furniture and equipment, cash, modes of transportation, and communication, are referred to as office resources. These resources are used to help the organization achieve its goals.
Two improtance of office resources are:Greater output is made possible because every business strives to produce as much as possible while using the fewest resources possible. Better resource utilization management can be used to accomplish such a feat.It helps to promote productivity: Office supplies aid in boosting office employees' productivity. Equipment such as furniture, machinery, and other items make work more comfortable and convenient, which improves worker productivity.Learn more about office resources here https://brainly.com/question/20436648
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Create a PPC for a country that produces 50 million guns and 200 tons of butter and label the following
a. Production Possibilities frontier
b. Efficiency
C. Underutilization
The production possibility curve shows the different combination for output that can be produced from the resources and technology.
What is a PPC?It should be noted that a PPC is simply a graph that's used to show the different combination for output that can be produced from the resources and technology.
In this case, the points show how much of the goods van be produced. Point E means underutilization.
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With which statement would officials at the Department of Labor most likely agree?
Businesses can best decide what workers need.
A strong workforce is important to the economy.
Workers should be left on their own to find opportunities
Our country does well when the unemployment rate is high.
A strong workforce is important to the economy is the statement that officials at the Department of Labor most likely agree.
Give examples of what labor is in business.The work that individuals put in to produce goods and services is referred to as labor. We take into account all employees when we refer to workers. Moreover, it denotes labor, particularly physical labor. For instance, the phrase relates to compensating employees if I say, "The repairs cost me $40 + $20 for labor."
What function does labor play in a company?And finally, everyone is impacted by labor productivity. Productivity growth benefits firms by increasing revenue and opening up new investment opportunities. Improved pay and working conditions for employees are possible outcomes of increasing production. Increased productivity is also essential for creating jobs over the long run.
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When a corporation repurchases its bonds from the bondholders, the corporation the bonds.
These bonds are called retired bonds. The bonds are referred to be retired bonds when a corporation repurchases them from the bondholders. They are called so because they have been repurchased from the investors.
- More about retired bonds :
- Repurchasing previously issued bonds from investors is referred to as retired bonds. At the time of the instruments' scheduled maturity, the issuer retires the bonds. Another method of retirement is for the issuer to repurchase the bonds sooner if the bonds are callable.
- In the case of bonds, it means that the corporation is effectively returning the principal to the investors who purchased loans from them and discharging its debt obligations. Retired securities are those that have undergone this type of purchase back.
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- The complete question is :
When a corporation repurchases its bonds from the bondholders, the bonds are called ____ bonds.
1. The economic system that is most indicative of Capitalism is known as a: 1 point
a. Command Economy
b. Free Market
c. Mixed Economy
d. Fascism
Answer:
b
Explanation:
Paulette, quentin, and rosie each donated money to a charity. Paulette gave as much money as quentin and rosie gave together. If quentin had given three times more than he gave, he would have given $40 more than paulette. And if rosie had given $20 less, she would have given half as much as paulette. How much did paulette give?.
Paulette donated $200. The concept of natural numbers is used here.
What are natural numbers?The numbers used for counting and sorting are known as natural numbers in mathematics. Counting and ordering are done with the help of ordinal and cardinal numbers, respectively.In contrast, whole numbers are all natural numbers, including zero, as in 0, 1, 2, 3, 4, and so forth. All whole numbers and their negative equivalent are considered integers.Let p,q, and r are the amount donated by Paulette, Quentin, and Rosie respectively.
P = q+r ...(1)
3q = p+40
q=p+40/3 ....(2)
r-20 = p/2
r=p/2 + 20 .....(3)
Replacing (2) and (3) in (1). we get
p=p+40/3 + p/2 + 20
p = 2p + 80 +3p +120/6
6p = 5p +200
p= 200
Hence, Paulette donated $200.
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a) Explain different types of professions related to financial sector.
Answer:
Positions in the commercial banking sector include bank tellers, loan officers, operations, marketing, and branch managers
(5. From the age distribution, if a country has more workforce that fall between
56 years and above, what are the likely economic effect on such a country?
Answer & Explanation: Aging workforce refers to the part of working individuals that has reached a certain age and beyond often 40 years and above.
Having more aging workforce is HARMFUL for economic growth. This is so because an aging workforce will lead to a decline in labour participation rate due to the retirement age for kost countries. This will also lead to an increase in social security tax and eventually a decline in productivity.
Across the five years, what is the average revenue generated by sales to public institutions?
A) $498,260,000
B) $99,652,000
C) $500,800,000
D) $307,580,000
E) $93,568,000
What is the difference in revenue generated between sales to businesses and sales to private individuals in Year 5?
A) $358,400,000
B) $207,872,000
C) $150,528,000
D $326,400,000
E) $166,400,000
The lead consultant on the project with Talabot & Hopkins is interested in Talabot & Hopkin's profit development over Year 1 to Year 5.
A) Talabot & Hopkins' proportional profit decreased over the five years.
B) Talabot & Hopkins' profit increased year on year over the five years.
C) Talabot & Hopkins' profit increased over the five years, mainly driven by their sales to private individuals,
D) Talabot & Hopkins'expenses decreased over the five years, which significantly contributed to the profit increase.
E) Talabot & Hopkin's profit increased from $131.1 M in Year 1 to $317.2m in Year 5.
Across the five years the average revenue generated by sales to public institutions is D) $307,580,000.
What does Average revenue mean?
Average revenue is a measure of a company's total income divided by the number of goods or services sold. It is a measure of how much money a company makes on average from each sale. Average revenue per unit or average revenue per sale are other terms for it.
What is the difference in revenue generated between sales to businesses and sales to private individuals in Year 5?
The difference in revenue generated between sales to businesses and sales to private individuals in Year 5 is C) $150,528,000
The lead consultant on the project with E) Talabot & Hopkin's profit increased from $131.1 M in Year 1 to $317.2m in Year 5.
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Sanjay, the company’s human resources manager, serves in a monitoring role by ensuring diversity is effectively managed by
Multiple Choice
allocating resources to support and encourage the effective management of diversity.
serving as a role model and instituting policies and procedures to ensure that diverse members are treated fairly.
conveying that the effective management of diversity is a valued goal and objective.
evaluating the extent to which all employees are being treated fairly.
enabling diverse individuals to coordinate their efforts and cooperate with one another.
Sanjay, the company's human resources manager, serves in a monitoring role by ensuring diversity is effectively managed through various methods: he allocates resources to support and encourage the effective management of diversity. The correct option is A.
This involves providing necessary training, tools, and funding to implement diversity initiatives within the organization.
Second, Sanjay serves as a role model and institutes policies and procedures to ensure that diverse members are treated fairly. By demonstrating an inclusive attitude and setting expectations for others, he helps create a workplace culture that values diversity.
Third, Sanjay conveys that the effective management of diversity is a valued goal and objective. He communicates the importance of diversity to the organization's success and encourages employees to embrace diversity as a competitive advantage.
Lastly, Sanjay evaluates the extent to which all employees are being treated fairly. This includes assessing diversity and inclusion initiatives, analyzing employee feedback, and monitoring relevant metrics to ensure fairness across the organization.
In addition, Sanjay enables diverse individuals to coordinate their efforts and cooperate with one another by fostering open communication and promoting teamwork.
In summary, Sanjay's role as a human resources manager involves allocating resources, serving as a role model, conveying the value of diversity, evaluating fairness, and enabling cooperation among diverse individuals in order to effectively manage diversity within the organization.
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Sanjay, the company’s human resources manager, serves in a monitoring role by ensuring diversity is effectively managed by
Multiple Choice
A. allocating resources to support and encourage the effective management of diversity.
B. serving as a role model and instituting policies and procedures to ensure that diverse members are treated fairly.
C. conveying that the effective management of diversity is a valued goal and objective.
D. evaluating the extent to which all employees are being treated fairly.
E. enabling diverse individuals to coordinate their efforts and cooperate with one another.
Which of these steps uses a third party as part of the conflict-resolution effort?
compromising
defining the problem
mediation
arbitration
Answer:
Mediation
Explanation:
Because there is misunderstanding,mediation is done because it is the act of resolving problem( also known as arbitration)
Answer:
mediation and arbitration
Explanation:
got a 100 on my quiz
20 points!
Which phrase best completes the table?
Monopoly
Benefits- has lower production costs
?
Drawbacks- allows for little competition between businesses
May lead to price fixing
A. Promotes innovation and entrepreneurship
B. Is less likely to be regulated by the government
C. Has more money for research and development
D. Makes a greater variety of products available to consumers
Monopoly has more money for research and development is the phase that best completes the table.
What is a monopoly?A monopoly is when one business holds a dominant position within an industry or a sector to the exclusion of all other serious competitors.
Monopolies are frequently discouraged in countries with free markets. They are viewed as causing price gouging and declining quality because consumers have few other options. They can also concentrate money, authority, and influence in the hands of a single person or a small group of people.
On the other hand, governments may support and even impose monopolies for some basic services like utilities.
The lack of competition that characterizes a monopoly can result in high costs for consumers, subpar goods and services, and dishonest corporate practices.
A business that controls a certain market or industry may take advantage of that status at the expense of its clients. It has the ability to control prices, fudge supply and demand, and produce fake scarcities. It may make it difficult for new competitors to enter the market and prevent experimentation or the creation of novel products. The consumer is at its mercy because they have no other option but to choose a competitor.
Markets that have been monopolized frequently turn unjust, uneven, and ineffective.
Because they either control the majority of the market for their product or are the only provider of it, monopolies often have an unfair advantage over their rivals. Monopolies may vary from one business to another, although they frequently have the following traits in common:
High entry barriers because a single company controls the market, competitors cannot enter it.There is only one seller in the market at this time.Price maker- The business with the monopoly can set the price for its goods without worrying that a rival will undercut it. Prices may be raised at will by a monopoly.A monopoly may purchase enormous quantities of the raw materials it requires at a volume discount thanks to economies of scale. Then, it can reduce its costs so drastically that smaller rivals won't be able to compete.
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at flourish and blotts Arthur weasley did what
Note that the above prompt is related to Harry Potter Lexicon (Chapter 4). It is also to be noted that Lucius Malfoy taunts Arthur Weasley for socializing with Muggles (Mr. and Mrs. Granger) at Gilderoy Lockhart's book signing at Flourish and Blotts, and Arthur lunges at Lucius.
What Occurred thereafter?Following the above events, the ruckus disturbs the bookshelves. An Encyclopedia of Toadstools strikes Lucius in the eye, while Arthur suffers a lip cut.
Molly and the assistant manager of Flourish and Blotts implore in vain for the guys to cease fighting. Hagrid finally separates them. In the midst of the confusion, Lucius sneaks Riddle's journal into Ginny's cauldron.
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page(s) 398-399 12.2 what is the solow growth model? seth is trying to decide how many workers is the optimal amount at his factory, which produces artisan-crafted grooming products. he observes the following: when there is one worker, 10 hairbrushes are produced daily. when there are two workers, 16 hairbrushes are produced daily. when there are three workers, 20 hairbrushes are produced daily. what is the marginal product of the third worker?
An exogenous model of economic growth, the Solow Growth Model examines how population growth, savings growth, and technological advancement rates affect changes in an economy's output level over time.
What is the graph of the Solow growth model?
The Solow line graph exemplifies the model's concept. The graph has an x-axis, a y-axis, and three lines. One line represents depreciation, another represents savings or investments, and yet another represents output per laborer or individual within the labor force. The lines converge at the country's steady state.
Calculation:
The marginal product of each additional labor unit can be calculated by dividing the total change in output by the change in labor.
Change in output after adding a third labor unit = 20-16 = 4.
Change in output / Change in labor = Marginal product
4 / 1 = 4 units are the marginal product.
As a result, the marginal product of the third labor unit equals four hairbrushes.
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What are the dimensions of situational control identified by Fiedler's contingency leadership model? (Check all that apply.)
There are ways to control different situations. The dimensions of situational control Fiedler's contingency theory are leader-member relations, task structure, and position power.
Fiedler's is popularly known for his contingency theory. This theory helps to understand why managers can behave so differently.
The contingency theory states that there no one single leadership style often works for all employees.
He stated also that there are situational-contingent elements that influences a leader's ability to lead.
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Sam has a great paying job, has no dependents, and owns his own apartment. He wants to take out an appropriate loan to finance the rest of his graduate business degree, which he plans to study for at night, at a cost of $40,000. What type of loan would he consider if he really does not like to carry much, if any, debt
Sam would collect student loan if he really does not like to carry much, if any, debt.
What is loan?Loan involves borrowing certain amount of money usually from a lender.
The borrower and lender agree on a payment plan that will ensure the payment of the loan.
Therefore, Sam would collect student loan if he really does not like to carry much, if any, debt.
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Walter Waterson owns a lawn irrigation system business. He manages the installations and maintenance of these systems. Several customers are golf courses, but he serves a large group of residential customers as well. When he started the business 10 years ago, he promised to always operate within the legal limits of the law, but lately, the competition is eating him alive. Large competitors have hired illegal immigrants to perform the manual labor, and they do not pay taxes on these employees-they just pay them in cash at the end of the week. Employment taxes are a burden to him. Walter does not want to hire illegal workers. There's a risk if you permit an illegal worker to drive a truck; or, if he/she has an accident on the job. You have just studied business ethics in your class. You inform Walter that:__________. A) taxes only need to be paid for the owners. B) he is not only taking a chance that a bigger problem may occur, he is indirectly setting the ethics code for his business. C) small businesses may not be able to worry about ethics codes. These types of documents are better suited for big business. D) it is not unethical to try to better the lives of others. Everyone needs jobs.
Answer: B) he is not only taking a chance that a bigger problem may occur, he is indirectly setting the ethics code for his business
Explanation:
Business ethics can simply be defined as the principles, morals and values that governs both the decisions and the actions that an organization makes.
Ethics simply lets us know what's right from what's wrong and also brings about increase in productivity at the workplace.
Based on the information given in the question, Walter needs to be inform that he is not only taking a chance that a bigger problem may occur, he is indirectly setting the ethics code for his business.
This is because hiring illegal workers can become a source of problem to him especially when an issue occurs and it's realized that they're illegal.
Each coffee table produced by Kevin Watson Designers nets the firm a profit of $8. Each bookcase yields a $12 profit. Watson's firm is small and its resources limited. During any given production period (of 1 week), 8 gallons of varnish and 12 lengths of high-quality redwood are available. Each coffee table requires approximately 1 gallon of varnish and 1 length of redwood. Each bookcase takes 1 gallon of varnish and 2 lengths of wood.
The aim of the objective function for Kevin should be to Maximize the objective value.
The optimum solution is:
Number of coffee tables produced per week = ____ (round your response to two decimal places).
Number of bookcases produced per week = _____ (round your response to two decimal places).
Optimal solution value = _____ (round your response to two decimal places).
The number of coffee tables produced per week = 8 (rounded to two decimal places).The number of bookcases produced per week = 2 (rounded to two decimal places).Optimal solution value = $80 (rounded to two decimal places).
Explanation:
Given, Each coffee table produced by Kevin Watson Designers nets the firm a profit of $8. Each bookcase yields a $12 profit. Watson's firm is small and its resources are limited. During any given production period (of 1 week), 8 gallons of varnish and 12 lengths of high-quality redwood are available. Each coffee-table requires approximately 1 gallon of varnish and 1 length of redwood. Each bookcase takes 1 gallon of varnish and 2 lengths of wood.
Let x be the number of coffee tables produced per week. Let y be the number of bookcases produced per week. Then, its objective function of Kevin is to maximize the total profit as:
Total profit = 8x + 12yWe have to maximize the total profit subject to the given constraints.
The constraints are: 1) Each coffee table requires approximately 1 gallon of varnish and 1 length of redwood. Each bookcase takes 1 gallon of varnish and 2 lengths of wood. So, the constraint equation for varnish is given by: 1x + 1y ≤ 8. (i)The constraint equation for a high-quality redwood is given by:1x + 2y ≤ 12. (ii)
2) We can't produce negative coffee tables or bookcases. x ≥ 0 and y ≥ 0Multiplying equation (i) by -1 and adding to equation (ii), we get:-x + y ≤ 4. (iii)Solving equations (i), (ii) and (iii) we get the feasible region as Now, we have to find the coordinates of the vertices of the feasible region to know the total profit at each vertex. The vertices are (0, 0), (8, 0), (4, 4), and (0, 6)Total profit at (0, 0) = 8(0) + 12(0) = $0Total profit at (8, 0) = 8(8) + 12(0) = $64 Total profit at (4, 4) = 8(4) + 12(4) = $96 Total profit at (0, 6) = 8(0) + 12(6) = $72.
The maximum profit of $96 is obtained at the point (4, 4).
Hence, the optimal solution i: Number of coffee tables produced per week = x = 4 (rounded to two decimal places).The number of bookcases produced per week = y = 4 (rounded to two decimal places).Optimal solution value = Total profit = 8x + 12y = 8(4) + 12(4) = $96 (rounded to two decimal places).
Therefore, the answer is the Number of coffee tables produced per week = 4 (rounded to two decimal places).
The number of bookcases produced per week = 4 (rounded to two decimal places).Optimal solution value = $96 (rounded to two decimal places).
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After having a discussion with your parents, you have thought about your future income from a career of your choosing. Which of the following should not have an impact on your future earnings?
a. the amount of training needed for your job
b. your previous experience
c. the amount of education you have
d. where you went to high school
a home builder wants to construct a house on his lot. the house will sit 20' from the front lot line. the city ordinance calls for a minimum setback line of 25'. in order to construct his house in the manner described, the builder must obtain a: select one: a. variance. b. spot zoning permit. c. special use permit. d. non-conforming use license.
The correct answer is: a. variance.
in order to construct the house with a setback of 20' from the front lot line, which is less than the minimum setback required by the city ordinance (25'), the builder would need to obtain a:
a. variance.
a variance is a permission or exception granted by the local zoning authority that allows a property owner to deviate from certain zoning regulations or requirements. in this case, the builder would need to request a variance to construct the house with a setback of 20' instead of the required 25' setback.
a spot zoning permit typically refers to the process of designating a specific area or spot for a particular use within a larger zoning district. a special use permit is required for specific uses that may have an impact on the surrounding area, but it doesn't apply to setback requirements. a non-conforming use license is related to properties that were legally established before zoning regulations were enacted and do not comply with current zoning requirements.
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two purposes of an advertisement
china has been accused of prohibiting u.s. companies that offer cloud computing from offering their services in china. which argument best explains this?
China is most probably doing that to protect local companies that are involved in the cloud computing.
Countries have been known to try to help local companies that are engaged in certain services by prohibiting foreign companies that are engaged in those same services from operating locally.
This is done to allow the local companies to be the only ones offering the service which would allow them to grow without facing foreign competition.
Other ways countries do this include:
By introducing tariffs By introducing import quotasIn conclusion, China was most likely protecting companies in China that offer cloud computing from competition from U.S. companies which offer the same thing.
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Large retailers like Target play a significant role in providing all of the following EXCEPT _______.a. domestic employmentb. customized servicec. global employmentd. online shopping
All of the foregoing, with the exception of personalised service, are provided in substantial part by big box stores like Target.
What do you mean by Large retailers?While they do offer online shopping and local and international employment opportunities, their business strategy often places more emphasis on standardised products and services designed for mass consumption than on individualised or customised experiences. These stores frequently concentrate on offering domestic work, international employment, and online buying, but they might not be able to provide the same level of individualised or tailored service that smaller, more niche companies can.
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Silva and Renate were given money in the ratio of 5 to 3. Silva's share was $60. How much did Renate receive.
Answer:
$36
Explanation:
share was $60. How much did Renate receive
The sharing ratio was 5 to 3:, Silva would get 5 portions and Renate 3 portions.
in fraction form, Silva would get 5/8 while Renate would get 3/8
If Silva got $60, Renate would get?
5/8 = 60: then 3 /8= 60/5 x 3
=12 x 3
=$36
15. (03.03 MC)
Tasha has two credit cards with low balances. She uses them for groceries and entertainment and pays them off in full when they are due each month. What could be
future consequence of this behavior? (5 points)
An increased interest rate
A higher credit score
Loss of credit
More interest
Answer:
B. A higher credit score
Explanation:
I took the test!
The correct option is B). A higher credit score
What does higher credit score mean?A higher credit score mean you have demonstrated a good credit behavior in the past.
It may make lenders and creditors more confident when evaluating a request for credit.
Normally, credit scores above 700 are considered good.
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This OS was created by a developer named Torvalds. Linux Mac Unix Windows
Answer:
Linux.
Explanation:
Linus Torvalds is a Finnish computer programmer, creator of the Linux operating system kernel in 1991. Torvalds began developing his project through research done in a particular way during his spare time, using his own computers, tools and spare parts, and taking the Minix operating system as a starting point, seeking to create his own operating system to use on his own personal computers. Finally, as a result of this development, Torvalds created the largest and best-known open software operating system today.
Monetary policy is said to be accommodating when
a. The central bank undertakes open market sales to fight inflation
b. The central bank responds to a tax increase by increasing money supply
c. The central bank responds to fiscal expansion by undertaking open market sales
d. In the course of fiscal expansion, the central bank increases money supply to prevent interest rates from rising
e. The central bank does not interfere in any way when the government undertakes fiscal policy
The correct answer is d. In the course of fiscal expansion, the central bank increases money supply to prevent interest rates from rising.
When monetary policy is accommodating, the central bank takes measures to increase the money supply in order to support economic growth and prevent interest rates from rising too much. This is usually done during a period of fiscal expansion, when the government is increasing its spending and there is a risk of upward pressure on interest rates. By increasing the money supply, the central bank aims to keep interest rates low and provide liquidity to the economy, thereby supporting borrowing and investment.
Accommodating monetary policy can be implemented through various measures, such as open market operations, where the central bank buys government securities or other financial assets from the market, injecting money into the economy. This increases the supply of money and helps to maintain lower interest rates.
an accommodating monetary policy involves the central bank increasing the money supply during fiscal expansion to prevent interest rates from rising. By doing so, the central bank aims to support economic growth and maintain favorable borrowing conditions.
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Question 14 of 20
Why might health care costs be less of a concern for a British company than
an American company?
A. America has stronger laws that regulate health care.
B. American companies do not provide health care to employees.
C. Britain allows its citizens to seek foreign treatment.
D. Britain has a system providing free universal health care.
Answer:
A
Explanation:
America has strong laws regulate health care
Answer:
its D - Britain has a system providing free universal health care.
Explanation:
Adrienne is part of the senior management team at a company in which ____________ since her appointment __________ both morale and client-satisfaction have dramatically improved. Among her driving principles are the idea that people work better when they are both motivated and empowered to reach their goals, that each team member must contribute fully, and that when she has to make a key decision, everyone knows why she is making it. She is a useful example of how __________ works.
Answer:
improvements were clearly evident; as; democratic leadership style
Explanation:
What this means is that;
"Adrienne is part of the senior management team at a company in which improvements were clearly evident since her appointment, as both morale and client-satisfaction have dramatically improved. Among her driving principles is the idea that people work better when they are both motivated and empowered to reach their goals, that each team member must contribute fully, and that when she has to make a key decision, everyone knows why she is making it. She is a useful example of how democratic leadership style works."
Note, a democratic leadership style is one in which the manager or leader allows participation from his subordinates; in other words, it is a participative form of leadership.