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Which of the following is TRUE about maximizing profit and manager decision-making? Answers: a. Managers make decisions on behalf of the firm's owners anytime there

Which of the following is TRUE about maximizing profit and manager decision-making?

Answers: a.

Managers make decisions on behalf of the firm's owners anytime there are two or more alternatives to choose between.

b.

Maximizing profit over the long-term consists of choosing the most profitable alternative, as calculated through relevant cost analysis.

c.

Managers decide between two or more alternatives when these alternatives are expected to lead to different profit outcomes.

d.

Make-or-buy, keep-or-drop, sell-or-process-further, and special order decisions are examples of traditional managerial decision making because they involve choosing between alternatives that have the same revenue and cost outcomes.

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