Because of the complexity and dynamism of organizations, what decision-making state occurs when risks, alternatives, and consequences are unknown?
A) A state of recognition
B) A state of risk
C) A state of rationality
D) A state of certainty
E) A state of uncertainty
Answer: E
Explanation: E) Most of the major decision making in contemporary organizations is done under a state of uncertainty. The decision maker does not know all the alternatives, the risks associated with each, or the likely consequences of each alternative. This uncertainty stems from the complexity and dynamism of contemporary organizations and their environments.
You might also like to view...
Internal Control Principles Identify and briefly describe the two principles that should govern the monitoring function
Which is a true statement??
a. ?Over half of U.S. adults over the age of 65 were Internet users. b. ?B2B firms cannot benefit from social media. c. ?Most people do not spend that much time using social media. d. ?Social media is only for certain companies and industries. e. ?Monitoring social media is an inefficient use of company time.
[The following information applies to the questions displayed below.]On January 1, Year 1, Hanover Corporation issued bonds with a $70,500 face value, a stated rate of interest of 8%, and a 5-year term to maturity. The bonds were issued at 97. Hanover uses the straight-line method to amortize bond discounts and premiums. Interest is payable in cash on December 31 each year.The journal entry used to record the issuance of the bond and the receipt of cash would be:
A.
| Cash | 68,385 | |
| Discount on Bonds Payable | 2,115 | |
| Bonds Payable | 70,500 |
B.
| Cash | 70,500 | |
| Bonds Payable | 70,500 |
C.
| Cash | 70,077 | |
| Discount on Bonds Payable | 423 | |
| Bonds Payable | 70,500 |
D.
| Cash | 70,500 | |
| Discount on Bonds Payable | 423 | |
| Bonds Payable | 70,077 |
A negotiation is defined as
a. an assignment of rights. b. any assignment of an instrument to the indorsee. c. a signature other than that of the indorsee. d. any transfer of an instrument to a holder.