During the Implementation Step of the Classical Model,managers ________

question 50

Multiple Choice

During the implementation step of the classical model,managers ________.

• A) determine the chronology and sequence of actions designed to overcome resistance to the decision
• B) eliminate alternatives that are unlikely to achieve the minimally acceptable outcome
• C) determine which of the remaining alternatives will produce the most satisfactory outcome
• D) choose the alternative that maximizes the desired outcome

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Definitions:

Irving Fisher

An American economist known for his work in the field of economics, including the theory of interest and the equation of exchange.

Tax on Consumption

A levy placed on the spending on goods and services, often implemented through sales tax or value-added tax (VAT).

Standard of Living

The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.

Saving

The process of setting aside a portion of current income for future use, either by depositing money in a bank or purchasing financial instruments.