Question

A ________ decision is best explained by the following: When a company’s finance department decides to go to the organizations usual bank and take out a loan whenever the company's revenues for the month are projected to be less than its expenses.

Answer 1

Answer:

Programmed decision

Explanation:

This is known as a programmed decision. Because it involves a structured and routine decision making to get a loan whenever revenues are less than its expenses.

A programmed decision is routine in nature and is handled by rules that have already been put in place. Such decisions have specific and clear goals, and are also well structured.