Which of the Following Is True of Intuitive Decision Making

question 24

Multiple Choice

Which of the following is true of intuitive decision making?

• A) It is a slow process of decision making.
• B) It is devoid of emotions.
• C) It is the most rational way of making decision.
• D) It occurs within conscious thought.
• E) It involves making decisions based on distilled experience.

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Definitions:

Modified Accrual Accounting

An accounting method that combines elements of both accrual and cash basis accounting, recognizing revenues when they are available and measurable, and expenses when incurred.

Realizable

Refers to assets that can be easily converted into cash or are expected to be sold without significant delay or loss in value.

Modified Accrual Accounting

An accounting method that recognizes revenues when they become available and measurable and expenses when they are incurred, used often by government entities.