Complete Question:
Which of the following is true of managerial decision making?
Group of answer choices.
A. Most managerial decisions lack structure.
B. Managerial decisions are always free of risks.
C. Managerial decisions are taken under conditions of perfect certainty.
D. Managers show consistency in their decisions in response to novel problems.
E. A manager’s decisions have the characteristics of programmed decision
Answer:
A. Management decisions typically lack structure.
Explanation:
The management of an organization or business firm are typically involved in taking up leadership roles and as such are expected to build a strong relationship between their employees by creating a fair ground for effective communication and sharing of resources and information.
A decision-making process can be defined as a cognitive process which typically involves an individual or business selecting the best option, course of action, or belief among several alternatives, so as to meet a particular need or accomplish a goal. Thus, it typically involves the process of gathering informations, accessing and weighing the informations with their alternatives and choosing the best option.
Generally, management decisions are considered to typically lack structure because most problems are novel and as such would require different procedures to follow in proffering solutions. Thus, most management decisions are non-programmed decisions making them to lack structure i.e being unstructured.
Answer:
The answer is d. Centralized purchasing is where individual, local purchasing departments, such as at the plant level, make their own purchasing decisions.
Explanation:
Centralized purchasing is a purchasing system in which all the departments of a company with a wide geographical distribution can make purchases through a common purchasing organization.
pollution
building up in countryside
over population
Given:
<span>accounts receivable of $244,000
allowance for uncollectible accounts of $1,350 (credit)
1% of the accounts receivable should be the value of the allowance for uncollectible accounts.
244,000 x 1% = 2,440
2,440 - 1,350 = 1,090
Adjusting entry:
Debit Credit
Bad Debt Expense 1,090
Allowance for uncollectible accounts 1,090</span>
<u>Solution and Explanation:</u>
a) The deficit is structural deficit, not cyclical deficit
b) Structural deficit is $450 billion
Revenue less than outlays; the GDP = Potential GDP
cyclical - during a recession
, Structural - normal times
This is the budget deficit at potential GDP
Structural deficit = Total Government deficit - Cyclical Deficit
Government expenditures do not change with output
c) the deficit is both structural and cyclical
200 billion below potential; at potential output it will be 200 billion higher
Cyclical deficit = $200 billion
Structural = 450 - 200 = 250
d)
Cyclical surplus = $350 billion
Structural deficit = $100 billion
e) Structural as normal stabilization policies will not remove a structural deficit
