Which of the Following Is the Most Important Key to Short-Term

question 97

Multiple Choice

Which of the following is the most important key 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
• D)focus on relevant costs and use the contribution margin approach

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Definitions:

Early Successes

Achievements or positive outcomes that occur at the beginning stages of a venture or project.

High Position

A status within an organization that carries a significant level of authority, responsibility, and influence over decision-making processes.

Power

The capacity or ability to direct or influence the behavior of others or the course of events.

Prestige

The level of respect, admiration, or esteem that a person, organization, or entity is regarded with, often based on perceived success, achievement, or quality.