What Term Describes a Decision That Has a Long-Term Impact

question 8

Multiple Choice

What term describes a decision that has a long-term impact and is difficult to reverse?

• A)Dedicated investment
• B)Strategic commitment
• C)Critical choice
• D)Market investment
• E)Firm commitment

---

Definitions:

Thermal Compressors

Devices that use thermal energy to compress or expand gases in various industrial processes, often seen in refrigeration and air conditioning systems.

Spot Rate

The ongoing market rate for buying or selling a particular currency, with immediate transfer.

Forward Rate

The agreed-upon exchange rate for currencies to be traded at a future date.

Amortize

This refers to the process of gradually writing off the initial cost of an asset over a period.