In the Third Step of Rational Decision Making (Evaluating Alternatives

question 69

Multiple Choice

In the third step of rational decision making (evaluating alternatives and select a solution) ,you need to evaluate each alternative not only according to cost and quality but also according to the following questions: _____

• A)Is it efficient and how will it affect our marketing strategy?
• B)Is it feasible,effective,and efficient?
• C)Is it ethical and will it hurt diversity?
• D)Is it ethical,feasible,and effective?
• E)Is it feasible and profitable?

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Definitions:

Gas Prices

The cost per unit (typically per gallon or liter) of gasoline, varying due to factors like crude oil prices, taxes, and supply and demand.

Profit Amount

The financial gain realized when the amount earned from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Shut-Off Valve

A type of valve designed to cut off the flow of liquids or gases within a pipeline system.

Household Damage

Damage or harm caused to the structure, contents, or occupants of a house due to various factors such as accidents, natural disasters, or wear and tear.