Which of the Following Is NOT a Step in the Decision-Making

question 61

Multiple Choice

Which of the following is NOT a step in the decision-making model?

• A)Determine costs and benefits for both feasible and unfeasible alternatives.
• B)Identify alternatives.
• C)Consider qualitative factors.
• D)Total the relevant costs and benefits for each alternative.

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Definitions:

Closing Journal Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts and prepare the company's books for the next period.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the operating cycle of a business, whichever is longer.

Current Liabilities

Financial obligations a company is required to pay within one year or within the normal operating cycle.

Current Ratio

A liquidity ratio that measures a company's ability to cover its short-term obligations with its short-term assets.