When Making Decisions

question 221

Multiple Choice

When making decisions:

• A)it is best to use unit costs.
• B)it is best to use total costs rather than unit costs.
• C)it is best to use average costs.
• D)All of these types of costs can be used for decision making;it varies depending on the decision required.

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Definitions:

Misrepresentation

The act of giving a false or misleading statement about a crucial fact in a transaction, leading to potential legal consequences.

Negligence

A failure to exercise the care that a reasonably prudent person would exercise in similar circumstances, often resulting in harm or damage.

Misconduct

Inappropriate or wrongful behavior by an employee that goes against the policies or expectations of the employer.

Conscientious Person

An individual who shows diligence, carefulness, and a high level of responsibility in their actions or work.