Ideally,decision Making Should Be Done by

question 11

Multiple Choice

Ideally,decision making should be done by

• A)the board of directors.
• B)the top management of the organization.
• C)the customers of the organization.
• D)the supervisory level employees.
• E)those people most familiar with the issue to de decided.

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Definitions:

Inventory Period

The average length of time items remain in inventory before being sold, indicating the efficiency of a company's inventory management.

Producing Goods

The process of creating, manufacturing, or assembling products or goods from raw materials or components.

Demand

The consumer's desire and willingness to pay a price for a specific good or service.

Cash Sales

Transactions in which goods or services are paid for and received at the time of the transaction with cash or other immediate payment methods.