ECONOMICS (CBSE/UGC NET)

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ECONOMICS

DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Natasha is in the middle of choosing a career. Arrange her actions in the decision-making process in the correct order.(1) Nancy wants to choose a career that will allow her to help animals. (2) Nancy researches about what it’s like to be a veterinarian. (3) Nancy learns more about the different possible veterinarian types.(4) Nancy decides that she wants to be an equine veterinarian.
A
1, 3, 2, 4
B
4, 3, 2, 1
C
1, 2, 3, 4
D
1, 4, 2, 3
Explanation: 

Detailed explanation-1: -Definition. Simply put, critical thinking is the act of deliberately analyzing information so that you can make better judgements and decisions. It involves using things like logic, reasoning, and creativity, to draw conclusions and generally understand things better.

Detailed explanation-2: -Short-term goals also minimise procrastination. They lay down a clear and defined path to success, allowing you to focus on one thing at a time. This focus will not only help you stay motivated, but it will also help your productivity, and have you achieving your long-term goal quicker.

Detailed explanation-3: -Step 1: Identify the decision. You realize that you need to make a decision. Step 2: Gather relevant information. Step 3: Identify the alternatives. Step 4: Weigh the evidence. Step 5: Choose among alternatives. Step 6: Take action. Step 7: Review your decision & its consequences. 08-Jun-2022

Detailed explanation-4: -Write down your goals. We start with a piece of advice we give fairly often-write a list. Make your goals SMART. Determine what you need to do to achieve them. Work your goals into your future plans. Evaluate and readjust your goals if need. 25-Nov-2022

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