When a Decision Is Made in an Organization, It Is

question 43

Multiple Choice

When a decision is made in an organization, it is selected from a group of alternative courses of action (i.e., decision alternatives) . The loss associated with not choosing a given decision alternative is referred to as a(n) :

• A) Sunk cost.
• B) Discretionary.
• C) Opportunity cost.
• D) Committed cost.
• E) Outlay cost.

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Definitions:

Benzene

An aromatic hydrocarbon with a molecular formula C6H6, known for its ring structure consisting of six carbon atoms linked by alternating single and double bonds.

Synthesis

The process of combining two or more entities to form something new, often referring to the chemical creation of a compound.

Organic Product

A substance resulting from the chemical reactions of organic compounds, often used in various industries.

Reaction

A series of reactions where initial substances, the reactants, are turned into different resulting substances, the products.