Priya, a Manager at an IT Firm, Has to Make

question 48

Multiple Choice

Priya, a manager at an IT firm, has to make a decision on the amount of money to be allocated for purchasing five new laptops for her team members. She is aware of the current price of the laptops and has the information about the amount of money spent on purchasing new laptops the previous year. This type of environment that is ideal for decision-making is known as a(n) _____.

• A) structured environment
• B) risk environment
• C) certain environment
• D) threat environment
• E) unanticipated environment

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Definitions:

Transaction

A swap or transaction involving goods, services, or money among two or more entities.

Risk of Loss

Refers to the legal and financial responsibility for damages or loss of goods while in transit or until the title has passed to the buyer.

Yard Sale

An informal sale typically held outdoors by private individuals to sell personal items, such as clothing, household goods, and toys, often at low prices.

Firm Offer

An offer in contract law that remains irrevocable for a certain period of time or until a specified date.