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:

Baskets

Containers typically made of interwoven materials like straw or plastic, used for carrying or storing items.

Free Trade

The absence of tariffs, duties, and other governmental barriers to international trade, allowing goods and services to move more freely across borders.

Soybeans

A species of legume native to East Asia, widely grown for its edible bean which has numerous uses in food, oils, and as a source of protein.

Domestic Price

The price of goods or services within a country's borders, unaffected by international trade factors.