In Order to Increase Value, an Organization Must

question 31

Multiple Choice

In order to increase value, an organization must:

• A) increase perceived benefits while decreasing actual benefits.
• B) increase both perceived benefits and price or cost proportionally.
• C) decrease both perceived benefits and price or cost proportionally.
• D) decrease price or cost while holding perceived benefits constant.

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Definitions:

Sensory Memory

A type of storage that holds sensory information for a few seconds or less.

Long-term Memory

A kind of memory that holds information for a long duration, from several days to many years.

Memory

The cognitive process of encoding, storing, and retrieving information, playing a vital role in learning and consciousness.

Retain Information

The ability or process of keeping or holding knowledge in the memory for later recall or use.