An Optimal Decision Is One That Chooses

question 49

Multiple Choice

An optimal decision is one that chooses

• A)the most desirable alternative among the possibilities permitted by the resources available.
• B)the lowest cost method of meeting goals, without regard to quality or any other feature.
• C)among various possible goals and offends no one, so that all are equally happy.
• D)among equally important goals, and thereby avoids the "indispensable necessity" syndrome.
• E)among possible goals in such a way that spends as little money as possible.

Ability to draft a report in the expanded letter format based on a real or hypothetical scenario.

Understand the role and components of the follow-up section in a proposal.

Identify and explain the different formats and general parts of a proposal.

Distinguish between types of short reports.

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Definitions:

Computed Net

The calculated net value or result after considering all relevant deductions, adjustments, or allowances.

Annuity

An annuity is a financial instrument that provides a consistent series of payments to a person, often serving as a source of income for people in retirement.

Present Value Index

A calculation that compares the present value of net cash inflows to the initial investment, used to evaluate the profitability of an investment.

Computed

Refers to something that has been determined or calculated using a computer or calculator.