It Is Important to Keep the Time Horizon in Mind

Multiple Choice

It is important to keep the time horizon in mind when making decisions because:

A) Short term decisions are generally more costly than long term decisions.
B) We always want to identify choices quickly.
C) When making future decisions, costs incurred in the past must be considered.
D) The horizon affects whether a cost or benefit is controllable for the decision.
E) All of the above are important.