Answer the following statements true (T) or false (F)
1. Programmed decisions respond to new or nonroutine problems for which there are no
proven solutions.
2. Usually programmed decisions relate to situations that have occurred in the past and
are familiar to the people dealing with them.
3. The last step of the five-step model of decision-making is to rate alternatives on the
basis of decision criteria.
4. There are five steps to the decision-making model explained in the textbook,
including generate and evaluate alternatives.
1. false
2. true
3. false
4. true
You might also like to view...
The entry to close operating expenses includes
a. debiting Operating Expenses. b. debiting Income Summary. c. debiting Retained Earnings. d. debiting Cost of Goods Sold.
After closing entries are posted to the accounts in the general ledger, all asset and liability accounts have a balance of zero.
Answer the following statement true (T) or false (F)
Marcus employs a real estate broker, Dean, to sell his house. Dean's express powers are to advertise and market the house for sale, show the house to prospective buyers, and accept offers from persons who want to purchase the house. He is not allowed to complete a deal without Marcus's consent. Marcus goes away on a month-long trip where he cannot be contacted. During this time, a short circuit in the house causes a power outage. Dean uses his authority to hire an electrician to repair the circuits and restore electricity in the house. Marcus then comes back and pays Dean for the electricity repair. What is the nature of the agency that Dean used to fix the electricity problem in the house?
A. implied agency B. agency by ratification C. power of attorney D. express agency
Which of the following is a criticism of goal setting?
A. Goal setting enhances flexibility of employees to adapt to changing situations. B. Goal setting is largely unsupported by research evidence. C. Goal setting may undermine creativity. D. The limitations of goal setting outweigh the benefits.