Which of the Following Statements Best Describes the Business Value

question 79

Multiple Choice

Which of the following statements best describes the business value of improved decision making?

• A) Improved decision making creates better products.
• B) Improved decision making results in a large monetary value for the firm as numerous small daily decisions affecting efficiency, production, costs, and more add up to large annual values.
• C) Improved decision making enables senior executives to more accurately foresee future financial trends.
• D) Improved decision making strengthens customer and supplier intimacy, which reduces costs.

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Definitions:

Localized Cancers

Cancers that are confined to a specific area and have not spread to other parts of the body.

Pelvic Ultrasound

A non-invasive diagnostic imaging procedure that uses high-frequency sound waves to produce images of the structures and organs in the lower abdomen and pelvis, including the uterus, ovaries, and bladder.

Voiding

The process of urination, where the bladder expels urine through the urethra to the outside of the body.

CT Scan With Contrast

A diagnostic imaging technique that uses computed tomography with the aid of contrast material to enhance the visibility of internal structures and organs.