In a tight economy with high interest and unemployment rates,any business project requiring a large financial investment needs to __________.
A)be economically justified
B)be approved by all senior managers
C)provide a competitive edge
D)improve operational efficiency

Question

Quizplus · Accepted Answer

Given the current economic situation, any large financial investment needs to be economically justified to ensure it generates return on investment and does not put the business in a precarious financial situation. Factors such as high interest rates and unemployment rates make it even more crucial to make informed financial decisions. Options B), C), and D) are also important considerations, but none of them addresses the critical need for economic justification in the given economic climate.

In a Tight Economy with High Interest and Unemployment Rates,any