Which financial decision is this:

Radford is a small company that manufactures automobile bearings. Managers at the company must make decisions on the kind and the cost of equipment to buy.

Question

Business

Mike Levy

1 October, 10:14

Which financial decision is this:

Radford is a small company that manufactures automobile bearings. Managers at the company must make decisions on the kind and the cost of equipment to buy.

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Answers (1)

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Kaiden Nunez · Answer 1

Answer: Investment decision

Explanation: Investment decision refers to the financial decisions of an organisation that deals with the purchase of long term assets. It focuses on what type of asset should be procured by the organisation that suits the current needs.

In the given case, Radford is trying to decide what kind of of equipment to buy and how much to spend.

Thus, it is an example of investment decision.

Which financial decision is this:Radford is a small company that manufactures automobile bearings. Managers at the company must make decisions on the kind and the cost of equipment to buy.

Which financial decision is this:

Radford is a small company that manufactures automobile bearings. Managers at the company must make decisions on the kind and the cost of equipment to buy.