Dylan Is Creating a Proposal to Ask His Supervisor to Invest

question 8

True/False

Dylan is creating a proposal to ask his supervisor to invest in some new software and hardware for their department. Dylan doesn't need to worry about making his proposal very convincing or detailed, because casual and unstructured proposals are acceptable for all internal proposals.

---

Definitions:

Decision Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Barriers To Entry

Obstacles that make it difficult for new competitors to enter a market, including high start-up costs, regulatory requirements, and established brand loyalty.

Economic Profit

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, representing an excess return over and above normal profits.