_____ Is the Approach That Defines How a Decision Maker

question 146

Multiple Choice

_____ is the approach that defines how a decision maker should make decisions and provides guidelines for reaching an ideal outcome for the organization.

• A) Administrative
• B) Descriptive
• C) Normative
• D) Bounded rationality
• E) None of these

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Definitions:

Semiannual Interest

Interest that is paid or calculated twice a year, often used in bond payments.

Compounded Annually

This term describes interest on an investment that is calculated once a year, where the interest added also earns interest in subsequent years.

Withdrawals

Money taken out from a business by its owners for personal use.

Compound Interest

Interest calculated on the initial principal as well as the accumulated interest of previous periods of a deposit or loan.