When Managers Base Decisions on What Has Worked in the Past

question 3

Multiple Choice

When managers base decisions on what has worked in the past and fail to explore new options, they are:

• A) perpetuating the status quo.
• B) being influenced by emotions.
• C) being overconfident.
• D) justifying past decisions.
• E) seeing what they want to see.

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Definitions:

GST Remittance

This is the process of sending the collected Goods and Services Tax to the governing tax authority.

GST Returns

The periodic filing with the taxation authority detailing sales, the GST collected on sales, and the GST paid on purchases.

Correct To The Cent

Adjusting a monetary amount to ensure accuracy up to the smallest currency unit, often referring to rounding to the nearest cent.

Rate Of Return

The increase or decrease in the value of an investment within a defined timeframe, represented as a percent of the investment's initial price.