Decision Makers Vary Widely in the Types of Decisions They

question 25

Multiple Choice

Decision makers vary widely in the types of decisions they make, the methods of decision making they employ, the information they already possess or can obtain from other sources, and their ability to process information.Consequently, for information to be useful there must be a linkage between these users and the decisions they make.This link is

• A)relevance.
• B)reliability.
• C)understandability.
• D)materiality.

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Definitions:

Groceries

Items of food and other household necessities that are purchased from a grocery store or supermarket.

Parcel

A package or bundle of items wrapped or boxed together, typically for shipping or delivery.

Constant Minimum Proportion

An unwavering, smallest fraction or amount of something in relation to a whole.

Weber's Law

A principle stating that the change in a stimulus that will be just noticeable is a constant ratio of the original stimulus.