For a purchasing decision that must be made on Thursday, Fred estimates on Monday that his needs

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For a purchasing decision that must be made on Thursday, Fred estimates on Monday that his needs will be 11 units. On Friday, Fred knows with certainty (by counting inventory on hand) that he needs 15 units. For decision-making purposes:

A. Fred's Monday estimate of 11 units is more valuable B. Fred's Friday information, knowing with certainty that 15 units are needed, is more valuable C. the company should never make decisions based upon estimates D. both B and C are correct

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