What Are the Four Stages of the Creative Problem Solving

question 21

Multiple Choice

What are the four stages of the creative problem solving process?

• A) Conceptualization, Generalization, Optimization, Implementation
• B) Generalization, Optimization, Conceptualization, Implementation
• C) Generalization, Conceptualization, Optimization, Implementation
• D) Conceptualization, Generalization, Implementation, Optimization

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Definitions:

Capital

Assets with monetary value, including cash and commodities, which are utilized to produce income or accumulate wealth.

Opportunity Costs

The financial loss associated with rejecting the next most favorable option during decision-making.

Inputs

Assets like work, supplies, and funds that are utilized in the manufacturing process to produce products and services.

Production Possibility Frontier

A curve depicting the maximum attainable combinations of two or more products that a business can produce with limited resources.