The Process of Making Higher Quality Business Decisions Requires Each

question 12

Multiple Choice

The process of making higher quality business decisions requires each of the following except

• A) Distinguishing between relevant and irrelevant information
• B) Recognising and evaluating assumptions
• C) Considering organisational values and core competencies
• D) Relying on preconceived notions to make decisions more quickly

---

Definitions:

Accounts Payable

Money owed by a company to its suppliers or vendors for products or services that have been received but not yet paid for.

Cost of Goods Sold

The direct expenses related to the production of goods sold by a business, including materials and labor costs.

Receivables

Amounts payable to a corporation by its clientele for goods or services that have been delivered or rendered, but are yet to be paid for.

Cash Collections

The process of gathering all cash payments due from customers over a specific period.