Which One of the Following Stages of the Management Decision-Making

question 65

Multiple Choice

Which one of the following stages of the management decision-making process is properly sequenced?

• A)Evaluate possible courses of action; make decision.
• B)Review the actual impact of the decision; determine possible courses of action.
• C)Assign responsibility for the decision; identify the problem.
• D)Make a decision; assign responsibility.

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Definitions:

Debt Ratio

A financial ratio that measures the extent of a company’s or individual's leverage, calculated by dividing total liabilities by total assets.

Window Dressing

Techniques employed by firms to make their financial statements look better than they really are.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations with its current assets over its current liabilities.

Long-Term Debt

Borrowings and financial obligations that are due for repayment beyond one year's time, often used for major investments or acquisitions.