21- Which one of the following statements is FALSE? a. The most important part of management is making decisions b. Decision-making occurs in all management functions c. All managers continuously make decisions d. Decision making only occurs when performing the organizing function
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- Which of the following best describes the difference between financial accounting and tax accounting? Financial accounting is what managers use for internal, decision making purposes while tax accounting is used for creditors, investors, and the general public. They are both used for income tax reporting purposes, and they are both required by the SEC to be issued and made public so that they can be used by creditors, investors, and the general public Financial accounting is used for income tax reporting purposes and tax accounting is used by managers for internal, decision making purposes. Financial accounting is used by creditors, investors, and the general public, while tax accounting is used for income tax reporting purposes None of these answers is correctPlease do not give solution in image format thanku As mentioned in the article, public participation in decision-making was democracy at work as it helped the state make better decisions, it built trust between government, communities, and stakeholders. It also empowered citizens with the knowledge that their voices were being heard. Considering the above, provide a discussion highlighting the importance of public participation in the decision-making process.ASSIGNMENT ONE Critical thinking is important for making judgments about sources of information and forming your own arguments. It emphasizes a rational, objective, and self-aware approach that can help you to identify credible sources and strengthen your conclusions. Critical thinkers use skills which enable them to analyse information and process it rationally to determine the value of the information and make a decision: (i) Critically explain four (4) areas of how critical thinking skills are developed; and (ii) Justify that lateral thinking is a manner of solving problems using an indirect and creative approach through reasoning that is not immediately obvious. And in the process clarify the above assertion by defining four (4) types of thinking tools:
- 30) Using the Internet to sell, buy or rent goods is called: * A) e-transaction. O B) e-business. O C) e-sell O D) e-government. 31) All of the following are examples of business intelligence systems except a system that: * A) summarizes and reports on a company's basic operations. O B) tracks the flows of materials in a factory. C) focuses on problems that are unique and rapidly changing. O D) addresses nonroutine decisions.Which of the following is TRUE at the highest level of employee involvement? a The entire decision-making process is handed over to employees. b Employees tend to disagree with each other regarding the preferred solution. c Specific employees provide information to the management, and management makes the recommendations. d Participation involves asking employees for information.1.Which of the following statements is incorrect about risk and risk management? a.Risk can be classified as either an opportunity or a threat. b.A risk management system can only be as good as the people manning it. c.Risk management should be performed by management accountants only. d.The risk management philosophy must be embedded in the company’s structure and culture. 2.Which of the following is not considered as a key to a successful strategic risk management? a.Top management support b.Covering all known risks in the existing risk management activities c.Updating and educating the board and top management d.Leverage existing resources 3.Which of the following is not considered as a limitation of strategic risk management? a.It requires specialized skills and capabilities in strategy and risk management b.It requires working beyond the silos in risk management c.It requires updating and educating the board and top management d. Strategy, risk assessment, and risk management…
- TRUE OR FALSE: _____4. The bounded rationality concept partially explains why different individuals may make different decisions when they have exactly the same information. _____5. Satisficing is the process of selecting the best goal or alternative in a decision making situation. _____6. The bounded rationality concept focuses on organizational decisions that reflect the desires of individuals to satisfy their own interests. _____7. Characteristics of individual managers play an important role in problem recognition. _____8. Unstructured problems usually require implementing a course of action in the face of risk and uncertainty. _____9. A manager should expect to feel quite confident of success when implementing a solution to an unstructured problem. _____10. Organizational creativity refers to the production of novel and useful ideas by an individual or team in an organization.Which of the following best describes the Principles of Management?a. They help managers take decisions while performing managerial functions.b. They denote a cause-and-effect relationship.c. They are guidelines for further action in management functions.d. All the aboveWhich of the following is a good example of decision alternatives? A. customer response to a new technology B. environmental policies of a political candidate C. make a component in house or buy it elsewhere D. cost of an additional unit of capacity
- Data analytics clearly would be efficient and practical in which of the following situations? More than one answer may be correct. a. A farm equipment manufacturer is producing a new line of machines in three separate plants and it needs to test, troubleshoot, and coordinate production processes before opening the factory lines. b. Several new drugs have been FDA approved and a regional healthcare network must finalize its decision making concerning best practices for treatment options. c. Two architectural firms merge, maintaining their individual identities and reputations while gaining financial efficiency. d. After collecting information on reader preferences for several fast-changing years, a newspaper’s marketing manager is ready to recommend that the paper retain its print edition to maintain its high profile..all of the following are advantages to using groups EXCEPT a. Decisions can be reached faster since more people are working on the problem b. There are more approaches to a problem, leading to more creative problem solving c. There is more knowledge and information in a group d. People are more committed to the result when they join in the decision‑making processTufte's argument that the space shuttle Challenger disaster was a direct result of the poorly displayed information. This example of the possible consequences of poor data display is certainly extreme. But similarly, poor data displays are an everyday occurrence in many organizations in the world and lead to mistakes; missed opportunities; and the loss of time, money, and sometimes, life or limb. the development of new ways of visualizing information is an active and exciting area of current research. However, to properly and effectively apply these new methods, one must first develop an awareness of where and how information is currently being displayed badly. Find an example of a poor information display that is currently in use in a business organization. This can be a chart that doesn't include all the information needed to draw a correct conclusion from the data presented, one that hides the important information behind a clutter of irrelevant data, one that forces incorrect…