Discuss ways in which using a rational perspective to decision making will help when making nonprogrammed decisions
What will be an ideal response?
Answer: There are three different conditions in which decisions must be made. These are conditions of certainty, risk, or uncertainty. The rational perspective prescribes a logical process for making decisions. It involves six steps: (1) recognizing and defining the decision situation, (2) identifying alternatives, (3) evaluating alternatives, (4) selecting the best alternative,
(5) implementing the chosen alternative, and (6) following up and evaluating the results. The behavioral perspective acknowledges that things such as political forces, intuition, escalation of commitment, and risk propensity are also important aspects of decision making.
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After a natural resource such as gas or coal is used up by the client, the client is responsible for restoring the land to its original condition. What is the cost of this restoration called?
a. Impairment expense. b. Depletion expense. c. Amortization expense. d. Reclamation expense.
Which of the following is a limitation of the Myers–Briggs type indicator (MBTI)?
A. research support for its reliability B. hardly ever used in organizations C. difficulty in analyzing the results D. limited availability
An express warranty is created upon description of the goods
Indicate whether the statement is true or false
Karl was an accounting manager for a large company and in his employment contract it stated that if he terminated after more than 8 years of service, the maximum termination notice would be 10 weeks' pay but no benefits would be paid
Karl worked for the company for 12 years and then was terminated when the company was downsizing. If Karl sues the company for wrongful dismissal the court will A) rule that he is entitled to only 8 weeks pay B) rule that he is entitled to only 10 weeks pay C) rule that he is entitled to only 12 weeks pay D) rule that he is entitled to reasonable notice under common law E) rule that he is entitled to common law notice and punitive damages