Elena Is Trying to Decide Whether She Should Expand Her

question 51

Multiple Choice

Elena is trying to decide whether she should expand her ice cream shop to a bigger space. She decides to be very methodical about it and follow the phases of the decision-making process she learned in university. Which of the following statements is true?

• A)During the intelligence phrase, Elena will build a model using assumptions about the business.
• B)During the design phrase, Elena will define the opportunity.
• C)During the choice phase, Elena will lay out her options.
• D)During the implementation phase, Elena will implement two of her solutions.
• E)Elena will use test data to validate her model.

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Definitions:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within a year or within the business's normal operating cycle.

Average Daily Operating Costs

The daily average of total operating expenses a business incurs, including costs related to production, sales, and management.

Range

The positive difference between the highest and lowest score in a distribution. It is a gross measure of variability. Exclusive range is the highest score minus the lowest score. Inclusive range is the highest score minus the lowest score plus 1.

Scores

Numerical values assigned to individual items or responses, representing the magnitude of some measured attribute or characteristic.