Which of the Following Is NOT a Step in the Decision-Making

question 14

Multiple Choice

Which of the following is NOT a step in the decision-making model?

• A) Identify alternatives.
• B) Consider qualitative factors.
• C) Total the relevant costs and benefits for each alternative.
• D) Determine costs and benefits for both feasible and unfeasible alternatives.

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Definitions:

UCC

The Uniform Commercial Code, a set of laws that provide legal rules and regulations governing commercial or business transactions and contracts.

Real Estate

Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water.

Mutual Mistake

Mistake as to the same material fact on the part of both parties to a contract. In this situation, either party can cancel the contract.

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by the party to be charged, to prevent fraud and perjury in contractual agreements.