The Decision-Making Process Where Decisions Are Arrived at Without Conscious

question 139

Multiple Choice

The decision-making process where decisions are arrived at without conscious reasoning,arguing that experts make decisions by scanning the environment for cues to recognize patterns is

• A)the creative decision-making model.
• B)the bounded rationality model.
• C)the intuitive decision-making model.
• D)the rational decision-making model.

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Definitions:

Freight-In

The cost associated with transporting goods into a facility, usually included in the inventory cost of the goods purchased.

Periodic Method

An accounting inventory system where updates to the inventory records are made periodically at the end of an accounting period.

Net Purchases

The total amount of purchases minus purchase returns, allowances, and discounts received during a specific period.

Gross Profit

The difference between the revenue generated from goods or services sold and the cost of goods sold (COGS), before deducting overhead, payroll, taxation, and interest payments.