ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -A true or false question consists of a statement that requires a true or false response. There are other variations of the True or False format as well, such as: “yes” or “no”, “correct” or “incorrect”, and “agree” or “disagree” which is often used in surveys.
Detailed explanation-2: -A True or False question is similar in format to a multiple choice question, except that there are only 2 options, True or False, for example. True/False questions are quite popular because they are generally easy to write; one does not have to think of lots of plausible but incorrect answers as with an MCQ.
Detailed explanation-3: -All of the alternatives cannot solve the problems. So, the best alternative should be selected. The best alternative can be selected through rational decision making. Therefore, decision making helps to select the best alternative from the various alternative.
Detailed explanation-4: -strategic. tactical. operational.