Which of the Following Are the Two Most Important Keys

question 62

Multiple Choice

Which of the following are the two most important keys to short-term business decision-making?

• A) Focus on costs which do not change under two alternatives and on historic costs
• B) Focus on qualitative data only and ignore future cash flows
• C) Focus on sunk costs and quantitative data only
• D) Focus on future expected data and use the contribution margin approach

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Definitions:

Constructive Conflict

Conflict that helps build new insights and establishes new patterns in a relationship.

Instrumental Conflict

A disagreement or dispute arising from differences in goals, means, or methods to achieve specific outcomes.

Active Conflict

A situation in which there is a direct and open clash of opposing forces or ideas.

Feeling Entitled

Having or displaying an attitude of having an inherent right to privileges or special treatment without necessarily earning it.