If There Is Only One Alternative, _____

question 24

Multiple Choice

If there is only one alternative, _____.

• A) the rank-and-file employees make the decision for the whole organization
• B) it is best for the supervisor to take no action against the problem
• C) no decision to needs to be made.
• D) the outcome is always undesirable.

Learn how problem-solving processes are integral to effective decision making in teams.

Understand how consensus in team decision making is achieved and its significance.

Acknowledge the benefits and challenges of group decision making.

Learn strategies for preventing and overcoming groupthink in team settings.

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Definitions:

Ending Merchandise Inventory

Ending merchandise inventory is the value of goods available for sale at the end of an accounting period, calculated by adding purchases to beginning inventory and subtracting sold goods.

Perpetual Inventory System

An accounting method that continuously updates inventory records for purchases and sales in real-time.

Merchandise On Hand

The inventory of goods that a retailer has available for sale at any given time.

Trade Discounts

Reductions from the list price of goods or services provided by a seller to a buyer in a commercial transaction.