Which of the Following Best Describes the Importance of Monitoring

question 69

Multiple Choice

Which of the following best describes the importance of monitoring the consequences of decisions?

• A)The consequences of decisions may not be apparent quickly enough without monitoring.
• B)Monitoring the consequences of decisions is the immediate logical step after selecting the best option.
• C)Monitoring the consequences always leads to redefining the decision situation from the beginning.
• D)The consequences of decisions have to be monitored only when desired results are achieved.
• E)Monitoring the consequences of decisions is not important and it is expensive.

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Definitions:

New Product

An item or service that has been recently developed or introduced to the market.

Erosion

The process of gradual diminishment or reduction, often used in finance to describe the erosion of value or profit.

Incremental Cash Flow

The additional cash flow a project generates compared to a baseline or the current level.

Cost Of Goods Sold

Financial expenditures directly linked to the production of goods sold by a business, involving materials and labor.