Managers Should Most Often Rely on Quantitative Techniques for Important

question 70

True/False

Managers should most often rely on quantitative techniques for important decisions since quantitative approaches result in more accurate decisions.

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Definitions:

Assets

Assets are resources owned by a business or individual, which provide economic value or are expected to generate future benefit.

Revenues

The income generated from normal business operations and includes discounts and deductions for returned merchandise.

Limited Liability

A legal structure that limits the financial liability of owners or shareholders of a business to the amount they've invested, protecting personal assets from business debts.

Corporation

A legal entity that is separate and distinct from its owners, who are shareholders, and offers limited liability protection to them.