Ensuring That the Person Who Makes the Decision Is Different

question 75

Multiple Choice

Ensuring that the person who makes the decision is different from the person who evaluates that decision is recommended mainly to:

• A)avoid making decisions in the future.
• B)minimize reliance on an implicit favourite.
• C)increase the incidence of an implicit favourite.
• D)increase the incidence of satisficing.
• E)minimize escalation of commitment.

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Definitions:

Customers

They are the individuals or businesses that purchase goods or services from a company, essentially driving its revenue.

Cash Collected

The total amount of money received by a company during a specific period, often through sales or services rendered.

Accrual Basis

An accounting method that records revenues and expenses when they are earned or incurred, regardless of when cash transactions occur.

Accounting Principles

The standardized guidelines and rules followed by accountants to record, report, and summarize financial transactions, ensuring consistency and transparency.