Operational Decisions

question 110

Multiple Choice

Operational decisions

• A)refer to those things that employees do each day to make the organization run.
• B)refer to things that might happen in the future.
• C)refer to those that set the course of the organization.
• D)refer to those that occur frequently enough to develop an automated response to them.

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Definitions:

Purchase Accounting

An accounting method used in mergers and acquisitions to consolidate the financial statements of the buying and acquired companies.

Fair Market Value

An estimate of the market value of an asset, based on what a knowledgeable, willing, and unpressured buyer would likely pay to a knowledgeable, willing, and unpressured seller in the market.

Assets

Resources with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.