Selecting the Best Decision Alternative Tends to Be More Difficult

question 25

Multiple Choice

Selecting the best decision alternative tends to be more difficult when organizational goals are:

• A)unknown.
• B)ambiguous.
• C)in conflict with each other.
• D)not fully agreed upon by those participating in the decision.
• E)all of the above.

---

Definitions:

Comparative Advantage

An economic principle that posits countries, individuals, or entities gain and benefit from trading if they specialize in producing goods and services for which they have a lower opportunity cost.

Comparative Advantage

The expertise of an individual, a corporation, or a sovereign state to create a commodity or a service that bears a lower opportunity cost than that of competing entities.

Relative Costs

The cost of one good or service compared to another, often considered in terms of the opportunity cost of choosing one option over another.