The Model of Decision Making That Explains How Managers Should

question 77

Multiple Choice

The model of decision making that explains how managers should make decisions, assuming managers will make logical decisions that will be the optimum in furthering the organization's best interests, is known as the ________. For example, a manager who uses this model may be personally opposed to outsourcing jobs overseas, but she nonetheless decides to outsource customer-service operations to India because doing so is in the company's best interests.

• A) employee relations model
• B) focused decision-making model
• C) interpersonal-decision agenda
• D) solutions agenda
• E) rational decision-making model

Calculate consolidated noncurrent assets and understand allocation of excess consideration in acquisitions.

Recognize accounting treatment for multiple acquisitions and changes in ownership percentages.

Understand consolidation procedures for subsidiaries acquired during the fiscal year.

Identify the correct recording of realized and unrealized gains or losses from sale of subsidiary shares.

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Definitions:

European Option

A type of options contract that can only be exercised at its expiration date, not before, as opposed to American options which can be exercised at any time before expiration.

Flexibility

The ability to adapt to changes, make decisions quickly and adjust to new conditions or environments.

Futures Contracts

Agreements to buy or sell a particular commodity or financial instrument at a predetermined future date and price.

Copper

A chemical element with the symbol Cu and atomic number 29, known for its high thermal and electrical conductivity, used in electrical equipment, construction, and various alloys.