Alexia Is the Manager of Classy Clutches, a Store That

question 4

Multiple Choice

Alexia is the manager of Classy Clutches, a store that sells designer purses. Alexia knows that the economy greatly affects her business. Therefore, she is developing alternative courses of action for each of the four possible economic outcomes that may occur over the next four to six years. In this scenario, Alexia is _____.

• A)implementing a decision
• B)generating contingency plans
• C)making a programmed decision
• D)engaging in satisficing
• E)following the garbage can model

---

Definitions:

Total Wealth

The sum of all financial assets and physical possessions that have a monetary value owned by an individual or organization.

Reverse Stock Split

A corporate action that reduces the number of a company's outstanding shares by combining them into fewer, proportionally more valuable shares.

Market Price

The immediate price at which an asset or service is open for buying or selling.

Shares Outstanding

The total number of a company's shares of stock that are owned by shareholders, including those held by institutional investors and company officers.