A Group of Managers Meets Face-To-Face and Generates and Debates

question 2

Multiple Choice

A group of managers meets face-to-face and generates and debates a wide variety of alternatives from which to make a decision. What is this process of decision making called?

• A)Delphi technique
• B)dialectical inquiry
• C)brainstorming
• D)nominal group technique

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Definitions:

Retained Earnings

The portion of net income that is retained by the company rather than distributed to its shareholders as dividends, accumulated over the company’s life.

Beginning Period

This refers to the starting point or the first date of a financial reporting period.

Expense Incurred

Costs that have been incurred by a business in the process of earning revenue, often recognized in the accounting period when they are incurred, regardless of when payment is made.