Managers Should Consider ________ When Making Any Sort of Decision

question 194

Multiple Choice

Managers should consider ________ when making any sort of decision.

• A)only fixed costs
• B)sunk costs
• C)only variable costs
• D)revenues that differ among alternatives

---

Definitions:

Standard of Living

The level of wealth, comfort, material goods, and necessities available to a person, group, or society.

Birthrate

The ratio of total live births to the population in a specified area or period, usually calculated per thousand inhabitants per year.

Demographic Transition

A theory describing the transition from high birth and death rates to lower birth and death rates as a country develops from a pre-industrial to an industrialized economic system.

Demographic Transition

A model describing the transformation of birth and death rates from high to low levels in a society over time, typically associated with economic development.