Decision 1 Is a _____ Decision Because It Can Be

question 61

Multiple Choice

Decision 1 is a _____ decision because it can be solved using rules and procedures.

• A) tactical
• B) strategic
• C) programmed
• D) nonprogrammed
• E) risky

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Definitions:

Normal Balances

The side (debit or credit) of an account that is expected to have a positive balance.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, including the balance sheet, income statement, and statement of cash flows.

Debit

An entry in the accounts that represents an increase in assets or expenses or a decrease in liabilities, equity, or revenue in a double-entry bookkeeping system.

Salary Expense

The total amount paid by a business to its employees for their services over a specific period.