When Confronted with Complex Problems,or a Large Number of Alternative

question 35

Multiple Choice

When confronted with complex problems,or a large number of alternative options,which of the following steps is necessary?

• A)Broaden the range of solution options
• B)Evaluate solutions on the basis of quality,standards,and acceptability
• C)Decide on criteria while evaluating options
• D)Maintain a focus on the influence of tangibles in selecting options
• E)All of the above steps should be used when confronted with complex problems.

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Definitions:

Good

A material item that can be touched, used, or consumed, which is produced to fulfill wants or needs.

Service

A type of economic activity that is intangible, is not stored, and does not result in ownership; services are produced and consumed at the same time.

Exchange

The act of giving one thing and receiving another in return, often referring to the trade of goods, services, or financial instruments.

Functions Of Money

The core roles money plays in an economy, including serving as a medium of exchange, a unit of account, a store of value, and sometimes, a standard of deferred payment.