John Has to Choose Between a Camping Holiday and a Holiday

question 49

Multiple Choice

John has to choose between a camping holiday and a holiday in Las Vegas.If he evaluates the total net benefit of both alternatives before coming to a decision,he is using the technique of ________.

• A) marginal analysis
• B) mean analysis
• C) optimization using total value
• D) optimization using marginal analysis

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Definitions:

Group Polarization

The phenomenon that occurs when a group's prevailing attitudes or decisions become more extreme following group discussion.

Extreme Decisions

Choices or judgments that are significantly different from the norm, often involving high risk or unconventional solutions.

Individual Performance

The measure of the output or results achieved by a single person in their job, task, or activity.

Persuasive Arguments Theory

A theory suggesting that the effectiveness of persuasion is influenced by the quality and quantity of arguments and the relevance to the audience.