Managers Will Often Not Choose the Decision Alternative That Rational

question 112

Multiple Choice

Managers will often not choose the decision alternative that rational decision making indicates to be best because they have a "vague feeling" that another alternative will be better. Which of the behavioral factors that influence decision- making does this behavior reflect?

• A)Satisficing
• B)Intuition
• C)Escalation of commitment
• D)Bounded rationality

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Definitions:

Receive Payment

The process of collecting money from customers against the outstanding amount due for goods sold or services rendered.

Prepare Reports

The process of organizing and presenting financial data and analyses, typically for business decision-making.

Special Journals

Ledger books dedicated to recording specific types of transactions, such as cash receipts or disbursements, distinct from general accounting records for efficiency and accuracy.

Computerized Accounting Systems

Software programs that manage and process financial transactions and accounting tasks electronically, increasing accuracy and efficiency.