Which of the Following Is an Example of a Problem

question 11

Multiple Choice

Which of the following is an example of a problem question?

• A) What system are you using to invoice your customers?
• B) How does this problem affect your people's productivity?
• C) What parts of the system create errors?
• D) How much would you save if our company could help reduce errors by 80 percent?
• E) Which operating system have you installed in your personal computer?

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Definitions:

Sunk Costs

Expenses that have already been incurred and cannot be recovered.

Opportunity Costs

The cost of opting for one choice over another, representing the benefits missed out on when choosing one alternative over another.

Taxes

Compulsory financial charges or levies imposed by a government on individuals, corporations, and transactions to fund public expenditures.

Capital Investment

Funds invested in a business or project with the expectation of generating income or profit over the long term.