Types of Problems and Decisions (Scenario)

question 71

Multiple Choice

Types of Problems and Decisions (Scenario)
It seems Dave spends most of his day making decisions. Every time he turns around, someone wants him to make a decision about something. This morning, the office assistant came in and asked if she could reorder paper for the fax machine. That seemed like a routine decision that he should not have to deal with. If Dave could avoid those types of decisions, then he could focus more time and attention on the more complicated issues, such as the one presented to him by the production supervisor this afternoon. According to the supervisor, a major piece of equipment urgently needs repairs, and the repair bill could cost almost as much as a new machine!
-The problem of whether to order more fax paper is ________.

• A)programmed
• B)nonprogrammed
• C)structured
• D)unstructured

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Definitions:

Discount

A reduction from the usual cost of something, typically provided to incentivize a purchase or payment.

Perpetual Inventory

An inventory management system where stock levels are updated on a continuous basis as sales and purchases are made.

Cost of Goods Sold

The total cost directly tied to the production of goods sold by a company.

Schedule of Accounts Payable

A detailed list that tracks the amounts owed by a company to its suppliers or creditors.