The Final Step in the Decision-Making Process Is to ________

question 58

Multiple Choice

The final step in the decision-making process is to ________.

• A)select the best alternative
• B)reevaluate the weightings of the criteria until they indicate the correct outcome
• C)evaluate the outcome of the decision
• D)implement the alternative to solve the problem

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Definitions:

Profit Margin

A financial metric expressed as a percentage that measures how much of every dollar of revenue is retained as profit after all expenses have been deducted.

Net Income

The income a company retains following the subtraction of all expenses and taxes from the gross revenue.

Sales

The total amount of goods or services sold by a company, typically reported within a specific period.

Return On Equity

An indicator of how well management is leveraging company assets to produce profits, found by dividing the net income by the equity of the shareholders.