GK
BUSINESS ECONOMICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
one’s choices be arrived at logically and without error.
|
|
|
one’s choices be consistent with one’s goals.
|
|
|
one’s choices never vary.
|
|
|
one make choices that do not involve trade-offs.
|
Detailed explanation-1: -Rationality means making the right choices for the achievement of one’s goals. It requires one’s choices to be consistent with one’s goals so as to attain maximum satisfaction.
Detailed explanation-2: -Rational decision making requires that :a)one’s choices be arrived at logically and without error. b)one’s choices be consistent with one’s goals. c)one’s choices never vary. d)one makes choices that do not involve trade-offs.
Detailed explanation-3: -Rational decision-making is a precise process that many teams use when they have time to research solutions and discuss possible outcomes. Its purpose is to maximize the benefits and minimize the costs of decisions by being objective.
Detailed explanation-4: -The correct answer is c) Systematic thinking. The rational model of decision-making involves the use of a step-by-step approach for choosing the best course of action. It is a logical and analytical process.