Why Is Decision Making a Perceptual Issue

question 102

Multiple Choice

Why is decision making a perceptual issue?

• A) Before a decision is made, a problem must be perceived to exist.
• B) Decision making is generally by consensus.
• C) Decisions must be made on how to move from the current state of affairs to some desired state.
• D) There may be more than one way to solve a problem.
• E) Middle and lower level managers may have different perceptions on how to solve a problem than their underlings or top level managers.

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Definitions:

Operations Section

The operations section of a business plan outlines how the company will function on a day-to-day basis, covering production, facilities, and logistics.

Common Stock

Equity securities representing ownership in a corporation, entitling holders to a share of the profits in the form of dividends.

Dividends

Payments made to shareholders out of a company's profits or reserves, representing the shareholders' share in the earnings of the company.

Financing Method

Strategies or means by which a company or individual raises funds to support operations, investment activities, or expansions.