When Making Decisions ________

question 207

Multiple Choice

When making decisions ________.

• A) qualitative factors are not relevant as they can't be quantified
• B) more weight should be given to quantitative factors
• C) appropriate weight must be given to both quantitative and qualitative factors
• D) quantitative factors are relevant but qualitative factors are rarely relevant

---

Definitions:

Credit Policy

A set of guidelines a company uses to determine credit terms for its customers, including payment terms and limits.

Selling Price

The amount of money that a seller charges for a product or service.

Required Rate

The minimum return that investors seek on an investment, taking into account the risk involved.

Multiple Discriminant Analysis

A statistical technique used to differentiate items or cases into groups by analyzing multiple variables simultaneously.