Which Decision-Making Strategy Is Being Used If an Alternative Is

question 26

Multiple Choice

Which decision-making strategy is being used if an alternative is eliminated whenever it fails to satisfy some minimum criterion on an attribute?

• A)representativeness heuristic
• B)elimination by aspects
• C)purely additive strategy
• D)weighted additive strategy

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Definitions:

Voucher System

An internal control mechanism in accounting, where documents (vouchers) are prepared for every transaction involving the payment of cash or transfer of funds.

Documentation

Written or electronic records that provide evidence of transactions, processes, or agreements.

Verification

The process of ensuring the accuracy and validity of data or documents.

Bank Reconciliation

A process that explains the difference between the bank balance shown in a company's bank statement and its financial records.