Nonroutine Decisions Made in Response to Novel Situations in Business

question 6

Multiple Choice

Nonroutine decisions made in response to novel situations in business are known as ________ decisions.

• A)devil's advocacy
• B)ambiguous
• C)groupthink
• D)nonprogrammed

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Definitions:

Federal Income Tax

A tax levied by the IRS on the annual earnings of individuals, corporations, trusts, and other legal entities.

Medical Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured.

Withholding Allowance

An amount claimed on tax Form W-4 that determines how much income tax the employer will withhold from each paycheck. Each allowance claimed (as for a spouse or dependents) reduces the amount of income tax withheld.

Taxable Income

The portion of an individual’s or corporation's income that is subject to taxes by the government.