Laura Is Head of ABC Systems

question 27

Multiple Choice

Laura is head of ABC Systems.She needs to allocate a fixed amount of funds to various projects.There are two top projects that Laura believes hold the most promise.She decides to arrange a structured debate for the two top proposals.Importantly,the assumptions of each proposal are identified,and a conflicting counterproposal is generated based on a different set of assumptions.Advocates of each position present and debate the merits of their proposal before Laura makes her decision.Which technique is Laura using to help her make a better decision?

• A) dialectic method
• B) negotiation
• C) devil's advocacy
• D) avoidance
• E) mediation

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Definitions:

Credits

Accounting entries that represent an increase in liabilities or revenues, or a decrease in assets or expenses.

Adjusting Entries

Adjusting entries are journal entries made in an accounting period's end to allocate income and expenditures to the period in which they actually occurred.

Chart of Accounts

A structured list detailing a company's financial accounts, categorized to facilitate the organization and reporting of financial transactions.

Accounting Period

A specific time frame in which financial activities are recorded and reported, commonly a year or a quarter.