Describe the process of decision making that is common in ...

[daltonest1984]

Describe the process of decision making that is common in Japanese companies.
 
  What will be an ideal response?

Question 2

Speculators are currency traders who seek profits by investing in currencies with the expectation their value will change in the future.
 
  Indicate whether the statement is true or false

[aloop]

Answer to Question 1

Japanese decision making is a very participative process, characterized by an elaborate and formal system for achieving consensus and agreement among everyone affected by a particular decision. This system, called the ringi system, works from the bottom up in contrast with the American centralized decision-making process, which takes a top-down approach. The ringi process consists of four steps: proposal, circulation, approval, and record.

Answer to Question 2

TRUE