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Managers Must Consider Both Financial (Quantitative)and Nonfinancial (Qualitative)factors When Making

question 137

Essay

Managers must consider both financial (quantitative)and nonfinancial (qualitative)factors when making decisions.Identify some possible relevant nonfinancial factors that managers might consider.


Definitions:

Partnership

A legal form of business operation between two or more individuals who share management and profits.

Service-Type Businesses

Companies that offer non-tangible products or services to customers rather than physical goods.

Legal Entity

An organization or individual that has legal rights and obligations, including the ability to enter into contracts, sue, and be sued.

Corporate Form

A business structure where the company is considered a separate legal entity from its owners, providing benefits like limited liability, but often at the cost of more regulations.

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