One of the Key Ingredients in Making Rational Choices Is

question 192

Multiple Choice

One of the key ingredients in making rational choices is access to

• A) sufficient funds.
• B) information.
• C) foreign markets.
• D) a university psychology department.

---

Definitions:

Biogenic Needs

Basic, physiological needs required for human survival, such as food, water, air, and shelter.

Psychogenic Needs

Psychological desires or needs that arise from the mental or emotional states of individuals, such as the need for recognition, esteem, or companionship.

Utilitarian Needs

Needs that are practical and functional in nature, emphasizing the utility and practical benefits of a product or service.

Hedonic Needs

Refers to the desire for sensory pleasure and experiences that provide enjoyment or luxury.