Which of the Following Is True from the Point of View

question 88

Multiple Choice

Which of the following is true from the point of view of the contingency approach to management?

• A) There is one best way to solve a management problem in any organization.
• B) Managers' decisions vary depending on the particular situation and the people involved.
• C) In most cases, solutions to similar problems will apply across organizations.
• D) Managers within the same organization should follow the same solution for similar problems.
• E) Managers should make decisions that are consistent from employee to employee.

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Definitions:

Business

An organization in which basic resources (inputs), such as materials and labor, are assembled and processed to provide goods or services (outputs) to customers.

Journal Entry

The recording of financial transactions in the journal as part of the accounting process, where each transaction includes a debit and a credit.

Expected Useful Life

The estimated length of time an asset will be used in normal business operations.

Depreciation Calculation

The process of allocating the cost of a tangible asset over its useful life.