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What Is Intuition? Give an Example to Support Your Definition

question 18

Essay

What is intuition? Give an example to support your definition. Should managers use intuition in decision making? Why or why not?


Definitions:

Business Transaction

An economic event or condition that directly affects a company's financial statements.

Lawn Service

A type of business that provides maintenance services for lawns, such as mowing, fertilizing, and weed control.

Note Payable

A written promise to pay a specified amount of money, typically with interest, at a future date.

Installment

A method of paying for goods or services or repaying a loan through regular, scheduled payments.

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