________ Decisions Are Decisions That Support Day-To-Day Activities

question 116

Multiple Choice

________ decisions are decisions that support day-to-day activities.

• A) Operational
• B) Tactical
• C) Strategic
• D) Managerial

Acknowledge that using resources for one purpose reduces their availability for other purposes.

Learn about the economizing problem of allocating limited resources to satisfy unlimited wants.

Appreciate the role of assumptions in economic modeling and the scientific method in economics.

Understand that personal and societal costs and benefits guide human decisions in predictable ways.

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Definitions:

Task Difficulty

The level of challenge presented by a task, which can affect performance and engagement.

Attention

the act or state of applying the mind to something; the ability to closely and carefully listen, watch, or consider something or someone.

Automatic Processing

The performance of a task with little or no conscious thought, often as a result of repeated practice and learning.

Controlled Processing

A detailed level of mental processing that requires focused attention and effort, typically used when a task is difficult or unfamiliar.