Several Years Ago,a Bookstore Chain Extended Its Closing Time from 9

question 140

Multiple Choice

Several years ago,a bookstore chain extended its closing time from 9 p.m.to 10 p.m.Now it is considering a further extension to 11 p.m.In making this marginal decision,the results of having gone from 9 p.m.to 10 p.m.are

• A) no longer relevant to the current decision.
• B) relevant if the marginal costs and benefits were unequal.
• C) relevant since they are part of the calculation of total costs and benefits.
• D) relevant if the marginal costs and benefits were equal.

---

Definitions:

Organizations

Entities composed of individuals working together towards common objectives, characterized by structured patterns of interaction and coordination.

Adapting to Change

The process of adjusting behaviors and mindsets in response to new circumstances, environments, or conditions.

Action Step

A specific, measurable task or activity that is undertaken to achieve a goal or objective.

Organization-Stakeholder Relationships

The complex interactions and dependencies between a business and its various stakeholders, including customers, employees, suppliers, and the community.