Which of the Following Statements Best Describes the Contemporary Use

question 18

Multiple Choice

Which of the following statements best describes the contemporary use of financial models and scoring models for project selection?

• A) Both methods are often used together to ensure financial and non-financial factors are both considered.
• B) Financial methods are preferred because non-financial methods are unreliable.
• C) Scoring models are rarely used because they fail to consider financial factors.
• D) none of these

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Definitions:

Marginal Wage Cost

The additional cost incurred by an employer for hiring one more unit of labor.

Wage Rate

The amount of money paid to an employee by an employer in exchange for work performed, usually expressed per hour, day, or piece.

Unionization

The process of organizing workers into a union, a collective organization that negotiates with employers over wages, working conditions, and other labor issues.

Retail Trade

The selling of goods and services directly to consumers, typically in small quantities.