Which of the Following Is True

question 47

Multiple Choice

Which of the following is true?

• A)Companies can choose to end their fiscal year on any date they feel is most relevant.
• B)Companies must end their fiscal year on March 31,June 30,September 30,or December 31.
• C)Companies can select any date except a holiday to end their fiscal year.
• D)Companies must end their fiscal year on December 31.

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Definitions:

Not-invented-here Bias

The tendency to dismiss or not value products, research, standards, or knowledge because they originate from an external source.

Satisficing

A decision-making strategy that aims for a satisfactory or adequate outcome, rather than the optimal solution, especially under conditions of uncertainty or limited resources.

Perfectly Rational

A theoretical concept in which an individual is assumed to make decisions that maximize their utility based on complete information.

Satisfice

A decision-making strategy that involves choosing an option that meets a minimum threshold of acceptability rather than the optimal solution.