Patrick, a manager, is assessing possible alternatives for the solution of a problem. Patrick performs a cost-benefit analysis of several alternatives in order to determine the net financial payoff of each alternative. Which of the following criteria of decision making is Patrick implementing?
A) Economic feasibility
B) Practicality
C) Ethicalness
D) Legality

Question

Quizplus · Accepted Answer

While focusing on economic feasibility, managers perform a cost-benefit analysis of the various alternatives to determine which one will have the best net financial payoff. Managers must decide whether the alternatives are economically feasible.

Patrick, a Manager, Is Assessing Possible Alternatives for the Solution