When Eighteenth-Century Politician and Diplomat Benjamin Franklin Was Faced with a Difficult

question 78

Multiple Choice

When eighteenth-century politician and diplomat Benjamin Franklin was faced with a difficult problem, he would divide a sheet of paper into two columns labeled "Pro" and "Con" and write down various reasons for or against a particular decision. Over several days Franklin would narrow down the list based on a system of weighing the value of each pro or con until he reached a determination of the best decision. Franklin's approach can best be described as a _____ approach.

• A) management science
• B) intuitive
• C) rational
• D) bounded rational

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Definitions:

Tenants in Common

A form of co-ownership where each party owns a separate and undivided interest in the property, and upon death, their share is inheritable by their heirs.

Duplex

A building that is divided into two separate units, each with its own entrance and living space, often used for residential purposes.

Will

A legal document that outlines how a person's assets and estate should be distributed among beneficiaries after their death.

Joint Tenancy

A form of co-ownership where parties own property equally and have the right of survivorship.