Which of the Following Statements Is True About the Administrative

question 32

Multiple Choice

Which of the following statements is true about the administrative model of decision making?

• A) It suggests that most managers make decisions rationally and logically.
• B) It suggests that decisions that are based on instincts are better than the ones based on logic.
• C) It suggests that managers tend to satisfice when making decisions.
• D) It suggests that managers have the most accurate information about decision situations.
• E) It suggests that managers should not make decisions based on mathematical analysis.

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Definitions:

Credit To Cash

An accounting entry that increases the cash balance in a company's books.

Petty Cash Fund

A small amount of cash on hand used for paying expenses too small to merit writing a check or using a credit card.

Replenished

The process of filling up or restoring a stock or supply of something to its previous level or condition.

Every Day

A term denoting something that occurs regularly each day; however, in a financial or business context, it might refer to daily operations or tasks but this usage is not specific.