Elements of a Business Case Exclude Which of the Following

question 11

Multiple Choice

Elements of a business case exclude which of the following?

• A) Demographics
• B) Business challenges and needs
• C) Multiple alternatives with a request for management to select their preference
• D) Definition of the proposed investment

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Definitions:

Technologies

Encompasses the collection of techniques, skills, methods, and processes used in the production of goods or services or in the accomplishment of objectives, such as scientific investigation.

Comparative Advantage

The ability of an individual, company, or nation to produce a good or service at a lower opportunity cost than its competitors.

High-Opportunity Cost

Refers to the high value or benefit that is foregone from not choosing the next best alternative with available resources.

Low-Opportunity Cost

Describes a situation where choosing one option over another entails a minimal sacrifice of alternative opportunities or benefits.