Barney Is a New Manager Concerned About Decision Making

question 27

Multiple Choice

Barney is a new manager concerned about decision making. Which of the following statements would you tell Barney is true about decisions and decision making?

• A) Managers make decisions only when performing the controlling function.
• B) In the process of deciding, all the alternatives are combined to form a final alternative which invariably is the choice made.
• C) Organizations only have to consider significant decisions that have a major impact on business.
• D) Decision making is the process of choosing the best alternative for reaching objectives.
• E) All managerial decisions are of equal significance to the organization.

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Definitions:

Voidable

Describes a contract that may appear valid but can be legally declared void at the option of one of the parties due to certain defects.

Reasonable Manner

Acting with fairness, care, and prudence in a given set of circumstances, as would be expected from a similarly situated person.

Bank Accounts

Financial accounts maintained by individuals or businesses with a financial institution for the management of money, including savings and checking accounts.

Student Loans

Financial loans provided to students to help pay for educational expenses, typically to be repaid after completion of studies.