For Decision-Making Purposes, Managers Require Data from Which Source(s) and in Which

question 31

Multiple Choice

For decision-making purposes, managers require data from which source(s) and in which terms?

• A) Internal and external sources in only monetary terms
• B) Internal sources in non-monetary terms and external sources in monetary terms.
• C) Internal sources in non-monetary terms and external sources in monetary terms
• D) Internal and external sources in both monetary and non-monetary terms

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Definitions:

Marginal Revenue Product

The extra income produced by using an additional unit of a resource.

Product Demand

The desire and willingness of a consumer to purchase a specific quantity of a product at a given price.

Supply Increases

A situation where the quantity of a good or service that producers are willing to offer for sale rises.

Flex Time

An arrangement that allows employees to alter their start and finish times, provided that the total work hours remain constant.