How Many of the Following Decisions Would Be Made by Internal

question 31

Multiple Choice

How many of the following decisions would be made by internal as opposed to external decision makers: setting production targets, product pricing, choosing whether to lease or buy assets, and monitoring compliance with company reporting requirements?

• A) 1
• B) 2
• C) 3
• D) 4

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Definitions:

Relevant

Pertains to information or factors that are directly related to the decision-making process.

Timely

Refers to something being done or occurring at a favorable or appropriate time.

Trade-Off

The concept of sacrificing one aspect or feature in order to gain another, often used in discussions of decision-making where competing objectives must be balanced.

Timeliness

The characteristic of being done or occurring at a favorable or useful time, especially in the context of decision-making or business operations.