The Most Reliable Method of Determining an Adequate Minimum Cash

question 45

True/False

The most reliable method of determining an adequate minimum cash balance is using estimates of similar businesses from trade literature.

Recognize and describe barriers to effective communication.

Comprehend the ethical considerations in organizational communication and behavior.

Differentiate between types of communication based on direction (upward, downward, horizontal).

Explain the characteristics and functions of formal and informal communication networks.

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Definitions:

Evidence-Based Model

A framework for decision-making that involves integrating individual expertise with the best available external evidence from systematic research.

Bounded-Rationality Model

This model suggests that individuals make decisions based on limited information and cognitive processing abilities, leading to satisficing rather than optimal outcomes.

Mental Blinders

Cognitive limitations that prevent individuals from seeing alternatives or understanding different perspectives, akin to tunnel vision.

Lone “Geniuses”

Describes individuals who are perceived to have exceptional intellectual or creative power and who work and innovate independently, often contributing significantly to their field.