Which of the Following Is a Characteristic of Managerial Decisions

question 104

Multiple Choice

Which of the following is a characteristic of managerial decisions that contributes to the difficulty in making a decision?

• A)Guaranteed success
• B)Certainty
• C)Conflict
• D)Structure
• E)Speed

---

Definitions:

Management Reports

Periodic reports generated within an organization that provide critical financial and operational information to managers for decision-making purposes.

GAAP

Generally Accepted Accounting Principles (GAAP) are a set of rules and standards designed to improve the clarity, consistency, and comparability of the communication of financial information.

Internal Revenue Code

The codification of the federal tax laws and regulations in the United States, governing tax obligations.

Statement of Cash Flows

A financial report that shows the changes in an entity's cash balance over a specific period, detailing sources and uses of cash.