When Developing Alternatives,managers Should

question 58

Multiple Choice

When developing alternatives,managers should:

• A)chose the ones that are most cost effective
• B)create as many as possible to reach desired objectives
• C)always include subordinates in the decision
• D)stick with the one that makes most sense to the manager

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Definitions:

Purchasing

The process of acquiring goods or services to accomplish the goals of an organization, often involving activities such as selection, negotiation, and order placement.

New System

A newly implemented set of procedures, technologies, or methodologies designed to change or improve current operational processes.

Net Present Value

The difference between the current value of cash inflows and the current value of cash outflows over a period of time.

Investment

An asset or item acquired with the goal of generating income or appreciation.