A Decision-Making Technique in Which Individuals Subjectively and Intuitively Consider

question 61

Multiple Choice

A decision-making technique in which individuals subjectively and intuitively consider the various factors in making their selection is known as

• A)multifactor decision making.
• B)the multifactor evaluation process.
• C)the analytic hierarchy process.
• D)pairwise comparison analysis.

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Definitions:

Dual Effects Concept

The principle that every transaction has at least two effects on the financial statements - one that increases a category and another that decreases another category, maintaining the balance.

Transaction

An event or activity that impacts the financial position of a company, typically involving the exchange of goods, services, or money.

Relevant

Relevant, in a financial or accounting context, refers to information that is applicable and helpful for decision-making purposes.