Which of the Following Statements Best Describes the Business Value

question 79

Multiple Choice

Which of the following statements best describes the business value of improved decision making?

• A) Improved decision making creates better products.
• B) Improved decision making results in a large monetary value for the firm as numerous small daily decisions affecting efficiency, production, costs, and more add up to large annual values.
• C) Improved decision making enables senior executives to more accurately foresee future financial trends.
• D) Improved decision making strengthens customer and supplier intimacy, which reduces costs.

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Definitions:

Systematic Desensitization

A therapeutic method used to reduce anxiety or phobia by gradually exposing the patient to the anxiety-producing stimulus in a controlled manner.

Facilitated Communication

A controversial communication method where a facilitator supports the hand or arm of a nonverbal person, ostensibly helping them type or communicate.

Stress Inoculation Training

A form of cognitive-behavioral therapy aimed at helping individuals develop skills to cope with stressful situations effectively.

Aversive Conditioning

A behavior conditioning technique where an undesirable behavior is paired with an unpleasant stimulus to reduce the frequency of the behavior.