ECONOMICS

COST ACCOUNTING

INFORMATION FOR DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
When making a decision, I should do the first thing I feel like doing instead of thinking about it.
A
True
B
False
Explanation: 

Detailed explanation-1: -Making decisions is making choices, so we should consider and compare the strengths and weaknesses of each choice. In this way we can make the most suitable decisions. Based on these decision, we can continue to make more decisions which can help us to move toward our goals.

Detailed explanation-2: -impulsive Add to list Share. If someone is impulsive, it means that they act on instinct, without thinking decisions through. If you worked for an entire year to save money for a car and then suddenly decided to spend it all on a diamond tiara instead, that would be an impulsive purchase.

Detailed explanation-3: -Several studies conclude that up to 90 percent of the decisions we make are based on emotion. We use logic to justify our actions to ourselves and to others. Take note that emotion will always win over logic and that imagination will always win over reality.

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