When the Consequences of a Decision Are Great, Which of the Following

question 95

Multiple Choice

When the consequences of a decision are great, which of the following should the supervisor follow?

• A) Spend less time on the decision to avoid confusion
• B) Use the rational model of decision making
• C) Avoid using alternative solutions
• D) Limit the money spent in identifying and evaluating alternatives

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Definitions:

Discount Period

The time frame during which a seller offers a buyer a reduction from the normal cost of a good or service, often to incentivize prompt payment.

Cash Sales

Cash sales refer to transactions where payment is made in full with cash at the time of the sale, without any credit.

Cheque Processing Time

The period it takes from when a cheque is issued until the funds are available in the payee’s account, reflecting bank processing durations.

Trade Discount

A reduction in the listed price of a product or service offered by sellers to buyers in the business-to-business sales.