Which Statement Describes an "Either-Or" Decision

question 70

Multiple Choice

Which statement describes an "either-or" decision?

• A)Allen must decide how many courses to take this semester.
• B)Sally must decide how many hours to spend studying for each of the four courses that she is taking this semester.
• C)Chris must decide how many hours to work each week at his part-time job.
• D)Dylan must decide whether to major in economics or finance.

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Definitions:

Simple Rate

Simple Rate often refers to a straightforward percentage or rate applied in calculations without complications such as tiering or compounding.

New Machine

Refers to the acquisition of a new piece of equipment or machinery intended to increase productivity or efficiency in a manufacturing or operational process.

Payback Period

The amount of time it takes for an investment to generate an amount of income or cash equivalent to the cost of the investment.

Investment

The allocation of resources, such as capital, time, and effort, in something to earn a return or achieve a goal.