List and Briefly Describe Three Reasons Why EC Justification Is

question 59

Essay

List and briefly describe three reasons why EC justification is needed.

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Definitions:

Reference Point

A baseline value or condition used for comparison in various contexts, including economics, decision making, and psychology.

Item Value

The worth or utility that a specific item or product holds for an individual or the market.

Ownership

The state or fact of exclusive rights and control over property, which can be an object, land/real estate, or intellectual property.

Reference Point

A baseline or standard used for comparison in financial and economic analysis, often to gauge changes or differences.