This topic contains a solution. Click here to go to the answer

Author Question: Which of the following statements best describes the business value of improved decision making? ... (Read 110 times)

HCHenry

  • Hero Member
  • *****
  • Posts: 591
Which of the following statements best describes the business value of improved decision making?
 
  A) Improved decision making creates better products.
  B) Improved decision making results in a large monetary value for the firm as numerous small daily decisions affecting efficiency, production, costs, and more add up to large annual values.
  C) Improved decision making enables senior executives to more accurately foresee future financial trends.
  D) Improved decision making strengthens customer and supplier intimacy, which reduces costs.
  E) Improved decision making creates a better organizational culture.

Question 2

Transaction brokers
 
  A) generate revenue from advertising or from directing buyers to sellers.
  B) save users money and time by processing online sales transactions.
  C) provide a digital environment where buyers and sellers can establish prices for products.
  D) sell physical products directly to consumers or individual businesses.
  E) provide online meeting places where people with similar interests can communicate.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

emilymalinowski12

  • Sr. Member
  • ****
  • Posts: 338
Answer to Question 1

B

Answer to Question 2

B




HCHenry

  • Member
  • Posts: 591
Reply 2 on: Jul 7, 2018
Great answer, keep it coming :)


kishoreddi

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

For a complete list of videos, visit our video library