During the Year 2011, Diego Company Earned Revenues of $45,000

question 115

Multiple Choice

During the year 2011, Diego Company earned revenues of $45,000, had expenses of $25,000, purchased assets with a cost of $5,000 and paid dividends of $3,000.Net income for the year is

• A)$45,000.
• B)$20,000.
• C)$17,000.
• D)$15,000.

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Definitions:

Normative Decision Model

A framework that describes how decisions should be made to maximize efficiency and outcomes, often including a moral or ethical dimension.

Decision Acceptance

Involves the extent to which individuals or groups agree with and commit to a particular decision.

Decision Procedures

Established methods or steps followed in order to make thoughtful and effective decisions.

Delegation

The act of assigning tasks or responsibilities from a manager to a subordinate.