The Process of Choosing a Course of Action Among Alternatives

question 61

Multiple Choice

The process of choosing a course of action among alternatives is referred to as:

• A)Supervision
• B)Directing
• C)Decision making
• D)Controlling

---

Definitions:

Cash Flow Estimation

This refers to the process of forecasting and evaluating the amount of cash that is expected to flow into and out of a business over a specific period.

NPV

Net Present Value; a method used in capital budgeting to assess the profitability of an investment or project.

IRR

Internal Rate of Return, a financial metric used to evaluate the profitability of potential investments.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting its consumption, wear and tear, or obsolescence.