Which of the Following Is One of the Keys to Short-Term

question 131

Multiple Choice

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

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Definitions:

Telecommuting

The practice of working from a remote location, outside of a traditional office environment, often from home, using telecommunication tools.

Socialization

The process by which individuals learn and adopt the norms, values, and behaviors necessary for functioning within a society.

Workflow

A set of tasks, procedural steps, organizations or people involved, required input and output information, and tools needed for each step in a business process.

Collaboration

The action of working with someone to produce or create something, often seen in work environments and creative projects.