The Purpose of Integrating Quantitative and Qualitative Factors in the Decision

question 9

Multiple Choice

The purpose of integrating quantitative and qualitative factors in the decision making process is to

• A)Organize the decision making process
• B)Bring order to the complex business environment
• C)Improve the quality of the decision
• D)To analyze why customers buy a certain product or service

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Definitions:

Fees Earned

Income received from providing services.

Wages Expense

The total cost incurred by a business for the payment of wages to employees for a specific period.

Proprietorship

A proprietorship, also known as a sole proprietorship, is a type of business that is owned and run by one individual and where there is no legal distinction between the owner and the business entity.

Liabilities

Liabilities are financial obligations or debts that a company owes to others, to be settled over time through the transfer of economic benefits including money, goods, or services.