Which of the Following Is True About Decisions and Decision

question 80

Multiple Choice

Which of the following is true about decisions and decision making?

• A)Managers make decisions only when performing the controlling function.
• B)In the process of deciding,all the alternatives are combined to form a final alternative which invariably is the choice made.
• C)Organizations only have to consider significant decisions that have a major impact on business.
• D)Decision making is the process of choosing the best alternative for reaching objectives.
• E)All managerial decisions are of equal significance to the organization.

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Definitions:

Raw Materials Production Needs

The quantity and type of raw materials required to meet production targets based on the designed product and manufacturing processes.

Raw Materials Cost

The expense associated with acquiring the unprocessed materials required in the manufacture of products.

Cash Collected

The total amount of money received from sales, services, or other business activities.

Accounts Receivable Balance

The total amount of money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.