Why Does Improving a Small, Routine Decision Have Business Value

question 62

Multiple Choice

Why does improving a small, routine decision have business value for a company?

• A) A small decision may have a great economic impact on the company.
• B) Even a routine decision may have a "ripple" effect through a corporation.
• C) A small decision has business value when added with all the other small decisions made in the company.
• D) Small, routine decisions typically do not have any business value for a company.
• E) Even small decisions affect the culture of the organization.

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Definitions:

Obligation to Pay

A legal or financial commitment to make payments to another party or entity.

Paying Cash

The act of settling a transaction or paying an expense with physical currency or cash equivalents at the time of purchase.

Check Form

A paper instrument that instructs a financial institution to pay a certain amount of money from a person's account to the designated recipient.

Purchase

The act of buying goods or services, resulting in a financial transaction.