Decision Making Is an Unconscious Process of Moving Toward a Desirable

question 16

True/False

Decision making is an unconscious process of moving toward a desirable state of affairs.

Comprehend the role of guessing and personal favoritism in organizational decision-making processes.

Understand the concept and effects of communication filtering in organizations.

Differentiate between various forms of communication such as upward, downward, horizontal, and non-verbal.

Identify factors that lead to ineffective communication within a chain of command.

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Definitions:

Change In Accounting Principle

An adjustment made to the accounting methods used by a company, requiring retrospective restatement of prior financial statements to reflect the new principle.

Disclosure Rules

These are regulations requiring companies to provide full, fair, and timely Disclosure of financial statements and other significant information.

Comprehensive Income

Comprehensive income includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

GAAP

Generally Accepted Accounting Principles, a set of accounting standards and procedures used in the United States to prepare and present financial statements in a consistent manner.