The Longer the Time into the Future That a Decision

question 29

Multiple Choice

The longer the time into the future that a decision is being made for

• A) the greater the degree of certainty in the decision.
• B) the greater the degree of risk in the decision.
• C) the greater the degree of knowledge of the manager about the situation.
• D) the greater the degree of programmability of the decision.

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Definitions:

Electronic Deposit Requirement

A requirement for businesses to use electronic means to deposit certain types of taxes, including payroll taxes, directly to the IRS or state tax agencies.

Electronic Funds Transfer

An Electronic Funds Transfer (EFT) is the electronic movement of money from one bank account to another, either within a single financial institution or across multiple institutions, through computer-based systems.

Percentage Method

A way of calculating federal income tax withholding using percentage tables based on an employee's taxable income and filing status.

Federal Income Tax

A tax levied by the Internal Revenue Service on the annual earnings of individuals, corporations, trusts, and other legal entities.