Another Name for Conventional Thinking Is _____ Thinking

question 149

Multiple Choice

Another name for conventional thinking is _____ thinking.

• A)illogical
• B)divergent
• C)convergent
• D)intuitive

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Definitions:

Decision Making

Choosing among alternative actions; a component inherent in the other management processes of planning, directing, controlling, and improving.

Negotiated Price Approach

An approach to transfer pricing that allows managers of decentralized units to agree (negotiate) among themselves as to the transfer price.

Transfer Price

The price at which goods and services are sold between divisions within the same company.

Responsibility Centers

Units or departments within an organization, each accountable for its own activities and financial results.