The process of manipulating one or more independent variables and measuring their effect on one or more dependent variables while controlling for the extraneous variables is called an experiment

Many companies now focus on departments as opposed to processes, because processes can be a barrier to smooth performance

Indicate whether the statement is true or false

The best decisions, from a utilitarian perspective, are those that:

A. maximize a firm's profit. B. maximize stockholders' wealth. C. have greater social costs than benefits. D. produce the greatest good for the greatest number of people. E. result in the justified treatment of a minority.