1. c. Correct. It describes a specific economic effect of the decision. The other alternative answers cannot be traced to a specific economic outcome.

2. d. Correct. Alternatives a., b., and c. are not germane to the first step.

3. a. Correct. Articulating the goal in unambiguous terms is a necessary foundation to completion of the decision process. The other answers are parts of the decision model but do not express the specific goal.

4. c. Correct. An outcome must address all the goals. Since there are three goals, the outcome must address all three goals. Alternatives a and b only addressed a limited number of the goals.

5. c. Correct. A single decision from a set of feasible alternatives makes a. incorrect. The goal should be based upon the problem to be solved rather than a different goal for each feasible alternative.

6. b. Correct.

7. c. Correct. This is clearly unethical because it may mislead investors.

8. a. Correct. A stockholder is only one group of stakeholders of a corporation. They are owners but many other groups can be conceivably affected by the actions of a corporation. Similarly, employees and management are stakeholders but not the only ones.

9. d. Correct.

10. c. Correct. As one might pursue wealth, it is just as possible to do so ethically as otherwise.