What Is Value

question 12

Multiple Choice

What is value?

• A) Value describes merchandise that is cheap
• B) Value is the relationship between what you have and what you want
• C) Value is the relationship between what you get and what you have to pay for it
• D) Value is buying at the lowest price and receiving the lowest quality
• E) Value is the relationship between desire and need

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Definitions:

Empirical Approach

A method of research that relies on direct and indirect observation or experience for the acquisition of knowledge.

Critical Thinking

The intellectual process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and evaluating information to reach a conclusion.

Introspection

The inspection or study of one's own psychological and emotional states.

Critical Thinking

The process of analyzing and evaluating information or arguments in a disciplined and reflective manner to arrive at a reasoned judgment.