Which of the Following Decision-Making Models Is a Prescriptive Model

question 194

Multiple Choice

Which of the following decision-making models is a prescriptive model?

• A) Behavioral
• B) Classical
• C) Administrative
• D) Bureaucratic
• E) Probabilistic

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Definitions:

Independent Auditors

Professional auditors who are not employees of the company being audited and provide an unbiased opinion on the truth and fairness of a company's financial statements.

Financial Statements

Reports that summarize the financial performance and position of a company, including the balance sheet, income statement, and cash flow statement.

Accuracy

The extent to which the outcome of a calculation, measurement, or specification matches the accurate value or a standard.

Audit Function

The process of examining financial records and transactions by a third party to ensure accuracy and compliance with accounting standards.