Reference no: EM132794912
Question 1: The relevant information for long term decisions is:
Option 1: the timing of the differential cash flows associated with the decision
Option 2: the total differential cash flows associated with the decision
Option 3: the total differential profit associated with the decision
Option 4: the timing of the differential profit associated with the decision
Question 2: Over the entire life of a long term decision, the relationship between the total differential cash flow and total differential profit is:
Option 1: Differential profit will always be less than differential cash flow.
Option 2: Cannot answer without specifics regarding the decision.
Option 3: They will always be equal.
Option 4: Differential profit will always exceed differential cash flow.
Question 3: What is the question being asked by the third component of a Control System?
a-What do you want?
b-How do you feel about what you got?
c-What did you get?
d-What are you going to do about how you feel?