conimic notes - Goog XC Clever | PortalApex LearningApex Learning- Co006/assessmentrrorS 50pcs Colorful Velv.G colleges in charlott..G Grand Rapids, Michi..L 1.1.6 Quiz: Economic Decision MakingQuestion 1 of 10A business owner must decide whether to improve the benefits she offers heremployees. She calculates that improving benefits will cost the company anextra $1,000 per employee each year. This could prevent her from hiring asmany new employees as she would like over the next few years. On the otherhand, better benefits will help her hire more qualified employees who will staywith the company for longer.The decision-making process in the passage is best described as a(n)O A. incentiveB. opportunity costO C. marginal benefitO D. cost-benefit analysisSUBMITE PREVIOUS

The decision making process in the passage is best described as a cost-benefit analysis.

Answered: The decision-making process in the…

The decision-making process in the passage is best described as a(n) O A. incentive O B. opportunity cost O C. marginal benefit D. cost-benefit analysis

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

conimic notes - Goog X
C Clever | Portal
Apex Learning
Apex Learning- Co
006/assessment
rror
S 50pcs Colorful Velv.
G colleges in charlott..
G Grand Rapids, Michi..
L 1.1.6 Quiz: Economic Decision Making
Question 1 of 10
A business owner must decide whether to improve the benefits she offers her
employees. She calculates that improving benefits will cost the company an
extra $1,000 per employee each year. This could prevent her from hiring as
many new employees as she would like over the next few years. On the other
hand, better benefits will help her hire more qualified employees who will stay
with the company for longer.
The decision-making process in the passage is best described as a(n)
O A. incentive
B. opportunity cost
O C. marginal benefit
O D. cost-benefit analysis
SUBMIT
E PREVIOUS

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