Because of the Complexity and Dynamism of Organizations,what Decision-Making State

question 46

Multiple Choice

Because of the complexity and dynamism of organizations,what decision-making state occurs when risks,alternatives,and consequences are unknown?

• A) A state of recognition
• B) A state of risk
• C) A state of rationality
• D) A state of certainty
• E) A state of uncertainty

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Definitions:

Short-term Obligations

Financial liabilities that are due for payment within one year.

Normal Balance

The side of an account (debit or credit) that is expected to have a higher balance based on the accounting equation.

Asset Account

An account on a balance sheet representing tangible or intangible items of value owned by a company.

Trial Balance

A ledger balance sheet summarizing all accounts, showing equal totals for both credit and debit columns.