A Rational Decision Is One That

question 271

Multiple Choice

A rational decision is one that

• A)satisfies all desires.
• B)avoids the intentional allocation of resources.
• C)assigns available resources in the manner most preferred by decision makers.
• D)assigns available resources to the uses with the lowest opportunity costs.

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Definitions:

Product Development Time

The duration it takes from conceptualizing a product until its introduction into the market.

Tooling

Refers to the process and equipment used in the manufacturing process to produce components, including cutting tools, molds, dies, and other specialized machinery.

Sales Clerk

An employee who assists customers and handles transactions in a retail environment.

Express Mail Service

An international postal Express Mail Service for documents and merchandise, provided by postal operators of the Universal Postal Union.