AGEC 340 chp 12 questions with
complete solutions
is the process of choosing between different alternatives for the purpose of achieving desired goals -
correct answer ✔✔decision making
is the ___ of choosing between different alternatives for the purpose of achieving desired goals - correct
answer ✔✔process
is the process of ___ between different alternatives for the purpose of achieving desired goals - correct
answer ✔✔choosing
is the process of choosing between different alternatives for the purpose of achieving desired ___ -
correct answer ✔✔goals
what are the 3 things decision making involves? - correct answer ✔✔process, choosing, goals
what are the necessary elements of decision making? - correct answer ✔✔built around facts, analysis of
factual information, element of judgement
what are the 6 steps in the decision making process? - correct answer ✔✔Problem identification,
Summary of facts, Identifying alternatives, Analysis, Action, Evaluation
a tool for examining the relationship between costs and the volume of business generated by the firm -
correct answer ✔✔Volume-cost analysis or breakeven analysis
aka Volume-cost analysis - correct answer ✔✔breakeven analysis
aka breakeven analysis - correct answer ✔✔Volume-cost analysis
complete solutions
is the process of choosing between different alternatives for the purpose of achieving desired goals -
correct answer ✔✔decision making
is the ___ of choosing between different alternatives for the purpose of achieving desired goals - correct
answer ✔✔process
is the process of ___ between different alternatives for the purpose of achieving desired goals - correct
answer ✔✔choosing
is the process of choosing between different alternatives for the purpose of achieving desired ___ -
correct answer ✔✔goals
what are the 3 things decision making involves? - correct answer ✔✔process, choosing, goals
what are the necessary elements of decision making? - correct answer ✔✔built around facts, analysis of
factual information, element of judgement
what are the 6 steps in the decision making process? - correct answer ✔✔Problem identification,
Summary of facts, Identifying alternatives, Analysis, Action, Evaluation
a tool for examining the relationship between costs and the volume of business generated by the firm -
correct answer ✔✔Volume-cost analysis or breakeven analysis
aka Volume-cost analysis - correct answer ✔✔breakeven analysis
aka breakeven analysis - correct answer ✔✔Volume-cost analysis
