Which of the Following Statements Is Correct

question 13

Multiple Choice

Which of the following statements is correct?

• A)Managerial decisions are affected primarily by microeconomic forces.
• B)Managerial decisions are affected primarily by macroeconomic forces.
• C)Managerial decisions are affected by both microeconomic and macroeconomic forces.
• D)By and large, managerial decisions are not affected by either microeconomic or macroeconomic forces.

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Definitions:

Early Payment Discount

An incentive offered by sellers to buyers for paying their invoices before the due date, typically to accelerate cash flows.

Gross Profit

Gross profit is the difference between revenue and the cost of goods sold (COGS), representing the profit a company makes after deducting the costs directly associated with producing its goods or services.

Cost of Goods Sold

An accounting term for the direct costs attributable to the production of the goods sold by a company.

Service Business

A type of business that primarily offers intangible goods or services to consumers, such as consulting, legal advice, and maintenance services.