Presence of proper rules, principles help reduce _________.a.errorsb.risksc.wrong decisionsd.bad name
Question
Presence of proper rules, principles help reduce _________.a.errorsb.risksc.wrong decisionsd.bad name
Solution
The presence of proper rules and principles can help reduce all of the above - errors, risks, wrong decisions, and a bad name.
a. Errors: Proper rules and principles provide a guideline for how things should be done, reducing the chance of making mistakes.
b. Risks: By following established rules and principles, you can avoid taking unnecessary risks that could lead to negative outcomes.
c. Wrong decisions: Rules and principles serve as a decision-making framework, helping to ensure that decisions are made correctly and effectively.
d. Bad name: Adhering to rules and principles helps maintain a good reputation by demonstrating integrity and reliability.
Similar Questions
Decisions that are based on rules and guidelines are known as ______ decisions.
1. Which decision error is the most problematic?
Errors can occur for which of the following reasons:Mistakes in applying accounting policiesMisinterpretation of factsMathematical mistakesFraud
The best and most important way to resolve conflicting values is through ________. Published regulations Family influence Leadership by example Extra military instruction
The rules and decisions made by a government agency are known as Blank______.Multiple choice question.administrative lawcriminal lawnatural lawcivil law
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.