The Type of Information Required by Decision Makers in a Company

question 53

Multiple Choice

The type of information required by decision makers in a company is directly related to the level of management decision making and the amount of _______________ in the decision situations they face.

• A) financial risk
• B) structure
• C) variable information
• D) urgency

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Definitions:

Water Transportation

The movement of people or goods via rivers, lakes, seas, and oceans, utilizing different types of vessels for commerce, recreation, or military purposes.

Very High Capacity

Describes systems, facilities, or processes that can handle a significantly large volume of transactions, data, or throughput.

Low Cost

Referring to a strategy or product characterized by offering lower prices compared to competitors, usually by reducing costs in production, materials, or operations.

Sustainable Procurement

The acquisition process whereby organizations meet their needs for goods, services, works, and utilities in a way that achieves value for money on a whole-life basis in terms of generating benefits not only to the organization but also to society and the economy, while minimizing damage to the environment.