Referring to the Five-Step Approach to Problem Solving, Which Step

question 69

Multiple Choice

Referring to the five-step approach to problem solving, which step does the following example demonstrate? The police add extra officers to monitor the area for speeders and increase the amount of speeding tickets they give in the area in the hope of reducing speeding.

• A) Entertain possible hypotheses for addressing the problem.
• B) Become aware of the problem.
• C) Locate, define, and analyze the problem.
• D) Choose one hypothesis to test.

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Definitions:

Dividends

are payments made by a corporation to its shareholders, typically from profits earned.

Tax Rate

The percentage of income that is paid to the government as tax.

Net Income

The amount of profit a company has left after all expenses, taxes, and costs have been subtracted from total revenue.