Operational Management Typically Makes Which Type of Decisions

question 27

Multiple Choice

Operational management typically makes which type of decisions?

• A)Semistructured
• B)Documented
• C)Structured
• D)Procedural

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Definitions:

Accounts

Financial records of transactions that track the income, expenses, assets, liabilities, and equity of an entity.

Double-Entry System

An accounting method that records each transaction in at least two accounts, ensuring the accounting equation (Assets = Liabilities + Equity) remains balanced.

Debit Accounts

Accounts that are increased by debits and decreased by credits, commonly including assets and expenses.

Credit Accounts

Financial accounts that track money owed to creditors; they increase with credit entries and decrease with debit entries, reflecting the entity's borrowing of funds.