Once a Manager Has Identified a Problem, He or She

question 81

Multiple Choice

Once a manager has identified a problem, he or she can generate alternatives to that problem. After this is done, the manager

• A) implements the solution.
• B) evaluates the decision he or she made.
• C) weighs the pros and cons of each alternative.
• D) determines the best alternative.
• E) implements each solution and determines which had the best results.

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Definitions:

Book of Original Entry

The first place where financial transactions are recorded, including journals.

Journal Entry

A record in accounting that documents a business transaction, showing the accounts impacted and the amounts debited and credited.

Debit Account

A bookkeeping record that raises the value of an asset or expense, or lowers the value of a liability or equity.

Credit Account

A Credit Account is a type of financial account that records the amounts that are owed by a business to its suppliers or creditors, which are typically settled at a later date.