Which Guideline Should Be Used in Evaluating Options and Reaching

question 77

Multiple Choice

Which guideline should be used in evaluating options and reaching a consensus?

• A)Keep the range of solution options as wide as possible
• B)Evaluate the solutions on the basis of speed and expediency
• C)Keep detailed records throughout the discussion and evaluation process
• D)Be alert to the influence of intangibles in selecting options
• E)None of the above should be used in the evaluation process.

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Definitions:

NSF Check

Non-Sufficient Funds Check; a check that cannot be processed because the account on which it is drawn does not have enough funds.

Bank Service Charges

Fees charged by banks for various services such as account maintenance, transactions, and overdrafts.

Other Income

Comprises earnings from sources other than the main business activities, such as interest, dividends, or rental income.

Accounts Payable

Money owed by a company to its creditors for goods and services purchased on credit.