Taking Your Focus Off the Real Problem and Denying Responsibility

question 66

Multiple Choice

Taking your focus off the real problem and denying responsibility for your own actions is referred to as

• A) blaming.
• B) rationalizing.
• C) procrastinating.
• D) justifying.

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Definitions:

Fixed Factors

Elements of production that cannot be easily increased or decreased in the short term, such as land, buildings, or capital equipment.

Weak Axiom

A principle or condition in economics that provides a minimal criterion for consumer choice consistency under certain assumptions.

Profit Maximization

A process or strategy in which a firm's primary objective is to achieve the highest possible profits by adjusting its production and pricing techniques.

Input Increases

A situation where there is an enhancement or augmentation in the resources used for production.