The key types of business decisions can be classified as management, marketing, and: A. accounting. B. production. C. inventory. D. finance. E. information systems.
Question
The key types of business decisions can be classified as management, marketing, and: A. accounting. B. production. C. inventory. D. finance. E. information systems.
Solution
The key types of business decisions can be classified into three main categories: management, marketing, and finance.
A. Accounting: This is not a type of business decision, but rather a method of tracking, summarizing, and analyzing the financial transactions of a business.
B. Production: This is a part of business operations, but not a type of decision. Decisions related to production are usually categorized under management decisions.
C. Inventory: Similar to production, inventory is a part of business operations. Decisions related to inventory are usually categorized under management decisions.
D. Finance: This is a key type of business decision. Financial decisions involve how a business raises, allocates, and uses funds.
E. Information Systems: While information systems are crucial to modern businesses, they are not a type of business decision. Decisions related to information systems could fall under management or marketing decisions, depending on the specific context.
So, the answer is D. Finance.
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