It Is Important to Keep the Time Horizon in Mind

question 22

Multiple Choice

It is important to keep the time horizon in mind when making decisions because:

• A)Short term decisions are generally more costly than long term decisions.
• B)We always want to identify choices quickly.
• C)When making future decisions, costs incurred in the past must be considered.
• D)The horizon affects whether a cost or benefit is controllable for the decision.
• E)All of the above are important.

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Definitions:

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An influential U.S. Supreme Court Chief Justice from 1801 to 1835, known for strengthening the federal government's power over the states.

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