Which Should You Do When Evaluating Alternatives

question 44

Multiple Choice

Which should you do when evaluating alternatives?

• A) Evaluate alternatives relative to a satisfactory standard
• B) Evaluate alternatives in an unstructured and creative manner
• C) Evaluate alternatives based on what will work
• D) Evaluate alternatives in terms of individual preferences and organizational goals

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Definitions:

Government Intervention

Actions taken by a government to affect or interfere with economic activity, often to correct market failures and promote economic welfare.

Pollution

The presence or introduction into the environment of contaminants or substances that cause harm or discomfort to organisms, including humans.

Beneficiaries

Individuals or groups who receive benefits, typically from a trust, insurance policy, or government program.

External Costs

Costs of a transaction or activity that affect people other than those directly involved in the transaction, not accounted for in the market price.