Decision Makers Sometimes Might Need to Sacrifice Precision for Timeliness

question 106

Multiple Choice

Decision makers sometimes might need to sacrifice precision for timeliness because

• A)Receiving highly accurate information after the deadline has passed would be of no help.
• B)The nature of many business decisions does not require precision in managerial accounting reports.
• C)Both receiving highly accurate information after the deadline has passed would be of no help and the nature of many business decisions does not require precision in managerial accounting reports.
• D)Neither receiving highly accurate information after the deadline has passed would be of no help nor the nature of many business decisions does not require precision in managerial accounting reports.

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Definitions:

Control Group

A group in an experiment that does not receive the treatment and is used as a benchmark to measure how the other tested subjects do.

Anxiety

A feeling of worry, nervousness, or unease, typically about an imminent event or something with an uncertain outcome.

Independent Variable

In an experiment, the variable that is manipulated or changed to observe its effect on the dependent variable.

Sweets

Food items that are rich in sugar and often used as a treat or dessert.