What Is the Decision Maker's First Step in the Critical

question 81

Multiple Choice

What is the decision maker's first step in the critical thinking decision-making process?

• A) Consider the consequence of virtuous action to the self.
• B) Decide whether or not the issue has ethical dimensions.
• C) Ask what one's peers would do in the situation.
• D) List all options under consideration.

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Definitions:

Economic Stability

A condition in which an economy experiences steady growth, low inflation, and low unemployment.

Unemployment

The situation where individuals who are capable of working and are actively seeking work remain jobless.

Inflation

Inflation is the rate at which the general level of prices for goods and services is rising, eroding purchasing power over time.

Ceteris Paribus

A Latin term used in economics to describe the analysis of a condition under the assumption that all other variables remain unchanged.