Based on Guidelines Established by the Accounting Manager,Jaime,the Accounts Payable

question 90

Multiple Choice

Based on guidelines established by the accounting manager,Jaime,the accounts payable clerk,makes payments to vendors in order to maximize discounts.What type of decision does this represent?

• A)Programmed
• B)Nonprogrammed
• C)Intuition
• D)Groupthink
• E)Bounded rationality

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Definitions:

3rd Quartile

A value below which 75% of the data points in a dataset fall.

Negatively Skewed Distribution

A probability distribution that is characterized by a long tail on the left side, indicating that the bulk of the values are concentrated to the right.

Smallest Observation

The lowest value recorded in a data set.

1st Quartile

The value below which 25% of the data points in a dataset fall, indicating the lower quarter of the data.