Nonroutine Decision Making That Occurs in Response to Unusual, Unpredictable

question 16

Multiple Choice

Nonroutine decision making that occurs in response to unusual, unpredictable opportunities, and threats is known as:

• A)Nonprogrammed decision making
• B)Heuristic decision making
• C)Groupthink decision making
• D)Programmed decision making
• E)Creative decision making

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Definitions:

Financing Activities

Transactions and events that affect a company's long-term liabilities and equity, including issuing debt, repaying loans, and distributing dividends, as reported in the cash flow statement.

Investing Activities

Transactions that pertain to the acquisition and disposal of long-term assets and investments not included in cash equivalents.

Cash Flow Statement

A financial document summarizing the total cash received from a company's operational activities and external financial sources, alongside all expenditures on business operations and investments over a specific timeframe.

Accounts Receivable

Money owed to a business by its customers for goods or services that have been delivered or used but not yet paid for.