ECONOMICS (CBSE/UGC NET)

ECONOMICS

DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Giving up rewards in one area to receive better benefits in another area is a:
A
career plan
B
trade-off
C
short-term objective
D
job duty
Explanation: 

Detailed explanation-1: -Giving up rewards in one area to receive better benefits in another area is a: trade-off.

Detailed explanation-2: -STEP 1: SELF-ASSESSMENT First assess your interests, values, and personality to develop an understanding of your technical and transferable skills.

Detailed explanation-3: -Medium-term: Identify your Stepping Stones These are the 3 to 5 year milestones and goals that serve as the stepping stones to achieving your vision.

Detailed explanation-4: -How might intangible benefits affect Karen’s decision? Karen’s intangible benefits would be teacher and parent approval and personal satisfaction. These might make her want to wake up early to study so she can meet her own personal satisfaction and get her parents and teacher approval.

Detailed explanation-5: -A data warehouse collects data from multiple sources (both internal and external) and stores the data to later be used in an analysis. The primary purpose of a data warehouse is to store the data in a way that it can later be retrieved for use by the business.

There is 1 question to complete.