The Economic Factor in Decision Making Requires the Decision Maker

question 108

Multiple Choice

The economic factor in decision making requires the decision maker to:

• A)maximize the economic benefit to the decision maker.
• B)maximize the economic benefit to the corporation or nonprofit entity.
• C)maximize the corporation's profits.
• D)minimize the corporation's costs.

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Definitions:

Implement

In programming, particularly in object-oriented languages, to provide concrete code for methods defined in an interface or abstract class.

Programming Language

A formal language comprising a set of instructions that produce various kinds of output, used in computer programming to implement algorithms.

Algorithm

A step-by-step procedure or formula for solving a problem or performing a task.

Secondary Storage

Secondary storage refers to non-volatile memory that is used for storing data permanently, such as hard drives, SSDs, CDs, and USB flash drives.