Decisions That Require Managers to Identify Goals and to Develop

question 50

Multiple Choice

Decisions that require managers to identify goals and to develop strategies are usually referred to as:

• A) authoritative decisions.
• B) performance decisions.
• C) planning decisions.
• D) managed decisions.

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Definitions:

Net Profit

The amount of money remaining after all operating expenses, interest, taxes, and preferred stock dividends have been deducted from total revenues.

Goal Seek Analysis

A function in spreadsheet software that finds the input value needed to achieve a specified goal.

Inputs

Resources, materials, or information that are used in the production process to create goods or services.

Outputs

The final products or results generated by a system, process, or activity.