Which of the following is an advantage of group decision making?
A. Groupthink
B. Deeper commitment to the decision
C. Less thought required
D. A quicker decision
E. More flexibility in the final decision
B. Deeper commitment to the decision
Advantages of group decision making include (1) greater pool of knowledge, (2) different perspectives, (3) intellectual stimulation, (4) better understanding of decision rationale, (5) deeper commitment to the decision.
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The multiattribute model of evaluating alternatives suggests that consumers consider both product characteristics and the importance of those characteristics as they make purchase decisions
Indicate whether the statement is true or false
Which of the following is an example of a measurement rather than a calculation?
a. FIFO inventory valuation b. Replacement cost of ending inventory c. LIFO cost of goods sold d. Historical cost depreciation
The Bernard Company provided the following information from its financial records: Net income$250,000 Total stockholders's equity$1,000,000 Common dividends$15,000 Common shares outstanding 12/31 150,000 Preferred rights$175,000 What is the company's book value per share?
A. $0.50 B. $6.67 C. $5.50 D. $1.67
Which of the following statement is true regarding the trial balance?
A. Incorrectly recording a cash sale as a sale on account would not cause the trial balance to be out of balance. B. The income statement is prepared using the post-closing trial balance. C. Trial balances are only prepared at the end of an accounting period. D. A balance of debits and credits ensures that all transactions have been recorded correctly.