Which of the Following Statements Is False Regarding the Evaluation

question 5

Multiple Choice

Which of the following statements is false regarding the evaluation of alternatives?

• A) The selection of alternatives is determined by the decision variable chosen and the decision rule used
• B) Each alternative must be explicitly stated
• C) A decision variable is defined by an outcome that may be measured
• D) A decision rule is determined by which outcomes may be compared
• E) all of the above are true

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Definitions:

RFP

Request for Proposal; a document that solicits proposal, often through a bidding process, from potential suppliers or contractors.

Implications

The possible effects, consequences, or outcomes that may result from a particular action or set of conditions.

Organizational Plans

Strategic outlines crafted by businesses or institutions to achieve long-term goals, detailing the courses of action needed.

Competitors

Entities, individuals, or organizations that are in rivalry for the same objectives, such as market share or recognition.