The Last Step in the Decision- Making Process Is to

question 32

Multiple Choice

The last step in the decision- making process is to

• A)implement the alternative.
• B)evaluate the decision effectiveness.
• C)analyze the alternatives.
• D)identify the decision criteria.

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Definitions:

Single Ownership

A business model where a single individual owns all of the firm's stock and is solely responsible for its decisions.

Cross International Borders

The movement of goods, services, capital, and people across the political boundaries of different countries.

Gear Restrictions

Regulations or limits set on the range of gears that can be used in certain vehicles or machinery to ensure safety or efficiency.

Marginal Social Cost

The cumulative expense to the community for creating an extra unit of a product or service.