Which of the Following Describes the Five Roles in the Decision

question 91

Multiple Choice

Which of the following describes the five roles in the decision making process?

• A)Initiator, User, Buyer, Individual and Adjudicator
• B)Initiator, Adjudicator, User, Buyer and Decider
• C)Buyer, Decider, User, Influencer and Initiator
• D)Buyer, User, Identifier, Decider and Initiator

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Definitions:

AVC

Average Variable Cost is the total variable costs divided by the quantity of output.

Diminishing Returns

A principle in economics where each additional unit of input results in a progressively smaller increase in output.

Diseconomies of Scale

The phenomenon where production costs per unit increase as a firm or industry's output expands.

Output

The amount of something produced by a person, machine, or industry.