Which of the Following Best Explains Why Market Prices Are

question 4

Multiple Choice

Which of the following best explains why market prices are useful to a financial manager when performing a cost-benefit analysis?

• A)They can be evaluated to determine whether the market in which the manager exchanges goods and services offers true value.
• B)They can be used to convert different services and commodities into equivalent cash values which can be compared.
• C)They allow all commodities and services to be assigned a fixed and unchanging value.
• D)They can be used to determine how much an asset can be sold for.

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Definitions:

Strategic Plans

A comprehensive plan outlining an organization's goals, strategies, and actions to achieve those goals over a specific period.

Tactical Plans

Short-term actions and strategies designed to achieve specific goals within a limited time frame.

Current Needs

The immediate requirements or demands of a situation, organization, or individual that need to be addressed.

Human Resource Audits

A comprehensive examination of an organization's HR policies, procedures, and practices to ensure compliance, efficiency, and effectiveness.