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What is anchoring effect in decision making?
when decision makers focus on initial information-such as first impressions, ideas, prices, and estimates-and then fail to adequately adjust for subsequent information
When Dale made the decision to sell his stock in copper he was using a report generated by his decision support information system. How can Dale be sure that his report gives him relevant information?
dale needs to configure the information system to produce specific types of data that are relevant to his business needs
Who do private groups hire to influence government decision makers?
Lobbyists
Why accounting is called the language of business?
Because it communicates financial information, accounting is often called "the language of business." The information that a user of financial information needs depends upon the kinds of of decisions the user makers. The differences in the decisions divide the users of financial information into two broad groups: internal users and external users.
Steps of a simple decision making model?
Gather information consider values explore consequences make a decision
What are the release dates for Decision Makers - 2005 Accessing Vital Information?
Decision Makers - 2005 Accessing Vital Information was released on: USA: 17 July 2011
The state that exists when decision makers have insufficient information is?
policy infomation
What is anchoring effect in decision making?
when decision makers focus on initial information-such as first impressions, ideas, prices, and estimates-and then fail to adequately adjust for subsequent information
When was Decision Makers TV created?
Decision Makers TV was created in 2006.
What types of information do decision makers want from assurance services?
decision makers expressed keen interest in better information about topics such as: Business risks Product quality Performance measures Quality of processes and systems Strategic plan execution Government performance
What is administrative functions?
It is that department in an organisation that specialises in the collection of information, distributing it to decision makers,processing and storing of information within an organisation
What information is available when the decision maker needs it?
Accessible
What information is arranged to suit the needs and requirements of the decision maker?
organized information
What is an availability bias?
An availability bias is an unrecognized tendency of decision-makers to give presence to more recent information.
The blank dimension of the information environment is composed of c2 systems key decision makers and supporting infrastructures.?
physical
What are the release dates for Decision Makers - 2005?
Decision Makers - 2005 was released on: USA: 26 August 2005
What is the primary purpose of financial accounting?
Accounting is a system of maintaining records of a companies operations and communicating that information to decision makers.
