You Are a Manager Assessing Possible Alternatives for the Solution

question 78

Multiple Choice

You are a manager assessing possible alternatives for the solution of a problem. To do this, you have to determine the net financial payoff of each alternative. Which of the following criteria of decision making do you have to implement to accomplish this?

• A)economic feasibility
• B)practicality
• C)ethicalness
• D)legality

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Definitions:

Oil Field

An area underlain by one or more reservoirs containing oil that can be extracted, often associated with gas deposits.

Impermeable Reservoir

A geological formation that cannot transmit water or other fluids, often trapping fluids such as oil or natural gas.

Sandstone Lens

A body of sandstone that is thicker in the middle and tapers towards the edges, often sandwiched between other rock layers.

Petroleum

A general term for naturally occurring hydrocarbons, whether liquid, gaseous, or solid.