A Business Owner Has to Decide Whether the Company Should

question 30

Multiple Choice

A business owner has to decide whether the company should purchase new manufacturing equipment,open a new retail store in another city,or invest in a major advertising campaign.The value of the most appealing alternative that the business owner did not choose is its ________.

• A) break-even value
• B) decisional value
• C) opportunity cost
• D) factor analysis determination
• E) resource value

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Definitions:

Information Technology

The use of computers, storage, networking, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.

Fuel Efficiency

A measure of how effectively a vehicle uses fuel, often expressed as the distance traveled per unit of fuel.

Social Process

The patterns of interaction, adaptation, and social change among individuals and groups within a society.

Sales Quota

A specific sales performance target assigned to a sales unit or team for a particular period.