Satisficing is ______.

A. making decisions that are satisfying
B. making the most optimal decision possible
C. making a decision that is satisfactory but perhaps not optimal
D. making an unsatisfactory decision


C. making a decision that is satisfactory but perhaps not optimal

Business

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Refer to Table 11.2. At the exchange rate of $1.80 per pound, there is an ____ for pounds. This imbalance causes ____ in the price of the pound, which leads to ____ in the quantity of pounds supplied and ____ in the quantity of pounds demanded.

a. excess supply, a decrease, a decrease, an increase b. excess supply, an increase, a decrease, an increase c. excess demand, an increase, an increase, a decrease d. excess demand, an increase, a decrease, an increase

Business

Xtra Company purchased a business from Argus for $96,000 above the fair value of its net assets. Argus haddeveloped the goodwill over 12 years. How much would Xtra amortize the goodwill for its first year?

a. not enough information to calculate amortization b. $7,000 c. $8,000 d. goodwill is not amortized

Business

The first step in testing for impairment of goodwill is to

A) ?measure the fair value of the reporting unit and the fair value of the identifiable assets of the reporting unit. B) ?compare the fair value of the reporting unit with its book value, including goodwill. C) ?compare the fair value of the reporting unit with its book value, excluding goodwill. D) ?assess qualitative factors that indicate whether the fair value of the reporting unit is greater or less than its carrying value.

Business

When reading the Cash Outflows from Operating Activities portion of the statement of cash flows, you would expect to find which of the following? I. Payments to suppliers II. Payments to customers III. Payments to employees IV. Payments of interest V. Payments for income taxes VI. Other operating payments ?

A) I, II, III, and V B) I, III, IV, and VI C) I, II, III, IV, V, and VI D) I, III, IV, VI, and V

Business