Why Is Monitoring the Consequences of Decisions Important

question 58

Multiple Choice

Why is monitoring the consequences of decisions important?

• A)Without it,the consequences of decisions may not be apparent quickly enough
• B)It is the logical step after implementing the decision
• C)It provides a financial barometer of how expensive decisions are
• D)Shareholders like to see monitoring of decision on annual reports
• E)Monitoring is not important and it is expensive

---

Definitions:

Fixed Costs

Costs that do not vary with the level of output, such as rent, salaries, and insurance premiums.

Cakes

Baked desserts typically made from ingredients like flour, sugar, and eggs.

Average Product

The output per unit of input, calculated by dividing total product by the number of units of input, used to measure productivity.

Construction Company

A construction company is a business entity that deals with the building, remodeling, maintenance, and demolition of structures, such as homes, offices, and other buildings, employing a range of skilled and unskilled laborers.