In the Garbage Can Model of Decision Making

question 69

Multiple Choice

In the garbage can model of decision making:

• A) a "choice opportunity" could explain an odd choice simply because it was time to make some decision.
• B) participants provide the stability needed to explain decision making, and remove its otherwise random quality.
• C) the company has an insufficient level of technology.
• D) all of these.

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Definitions:

Segment Margin

The amount of profit or loss generated by a particular segment of a business, after accounting for the direct and indirect costs associated with that segment.

Segmented Income Statement

A financial statement that breaks down revenues, expenses, and profits by specific segments, such as product lines or geographic areas, within a company.

Variable Expenses

Variable expenses are costs that change in proportion with the level of activity or production volume, such as raw materials and direct labor.

Contribution Margin

The residual sum from sales income following the subtraction of variable costs.