Ideally,decision Making Should Be Done by The

question 111

Multiple Choice

Ideally,decision making should be done by the:

• A) board of directors.
• B) top management of the organization.
• C) customers of the organization.
• D) supervisory-level employees.
• E) people who are most affected by the issuE.

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Definitions:

Depreciation Expense

The portion of the cost of a fixed asset that is considered as an expense due to its use, wear and tear, or obsolescence over its useful life.

Tax Rate

The metric used to figure out the tax obligation of individuals and corporate entities.

Discount Rate

The interest rate charged to commercial banks and other depository institutions on loans they receive from their regional Federal Reserve Bank's lending facility.

Initial Cost

The total expense incurred to acquire an asset or product, including the purchase price and all related fees and taxes, but excluding any subsequent maintenance or operational costs.