Effective managers use marginal analysis to determine how much to spend on actions to lower the probability of bad outcomes.

Name: Effective managers use marginal analysis to determine how much to spend on actions to lower the probability of bad outcomes.
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Question

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Marginal analysis involves weighing the costs and benefits of additional investment in risk reduction measures. Effective managers use this technique to determine the optimal level of risk reduction spending.

Effective Managers Use Marginal Analysis to Determine How Much to Spend