Which of the following is not considered a challenge facing most managers today?
A. Strategic decisions need to be made by applying analysis techniques.
B. Managerial decisions must be made quickly.
C. Managerial decisions require large amounts of information to analyze.
D. Artificial intelligence is required by all managers to be successful.
Answer: D
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A list of all accounts and their balances which is used to prove the equality of debits and credits as of a specific date is a(an)
a. Account b. General Journal c. Trial Balance d. Chart of Accounts
The following information relates to the Fowler Company for 2016: Sales discounts $ 700 Beginning accounts receivable 5,000 Collections on accounts receivable 20,000 Total sales reported on income statement 82,500 Ending accounts receivable 7,000 ? What was the amount of cash sales?
A) $61,200 B) $59,800 C) $63,800 D) $65,200
Which of the following meanings of a word is the subjective one that is largely determined by a person’s previous experiences or associations?
A. denotation B. connotation C. euphemism D. malapropism
Which of the following statements is false regarding sales forecasting?
A) It may involve the use of elaborate planning models and regression analysis. B) It may rely heavily on the intuition and opinions of managers. C) Other budgets are rarely affected by errors in sales forecasts. D) The usual starting point is last year's level of sales.