Management by Intuition Can Be Defined as Operating from the "I've-Already-Made-Up-My-Mind-Don't-Bother-Me-With-The-Facts

question 1

True/False

Management by intuition can be defined as operating from the "I've-already-made-up-my-mind-don't-bother-me-with-the-facts mode."

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Definitions:

Accounts

Recordings within an accounting system that track financial transactions and their effects on specific assets, liabilities, equity, revenues, and expenses.

Balances

Refers to the amount of money in a financial account, the difference between debit and credit totals in an account, or the amount remaining unpaid on a debt.

Business Enterprises

Organizational entities engaged in commercial, industrial, or professional activities, aiming to generate profits from their operations.

Accountants

Experts who conduct financial analyses or audits in adherence to established procedures.