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:

Recovery

Recovery is the process of returning to a normal state of health, mind, or strength after experiencing illness, addiction, or trauma.

Learned Helplessness

A state where an individual experiences feelings of being powerless, triggered by traumatic experiences or ongoing inability to achieve success.

Operant Behavior

A type of learned behavior that is controlled by the consequences that follow it, including rewards and punishments.

Negative Life Pressures

Situations and experiences that cause stress or discomfort, potentially leading to negative psychological or physical health outcomes.