According to the IMA, the concept of "interchangeability" applies to situations where a decision to pursue one managerial objective affects the resources available to pursue other managerial objectives.

Question

Quizplus · Accepted Answer

The concept described is "interactivity," not "interchangeability." Interactivity refers to situations where pursuing one managerial objective impacts the resources available for other objectives, whereas interchangeability suggests that items or elements can be substituted for one another without affecting functionality or outcome.

According to the IMA, the Concept of "Interchangeability" Applies to Situations