A Rational Decisionmaker

question 153

Multiple Choice

A rational decisionmaker

• A)ignores marginal changes and focuses instead on "the big picture."
• B)ignores the likely effects of government policies when he or she makes choices.
• C)takes an action only if the marginal benefit of that action exceeds the marginal cost of that action.
• D)takes an action only if the combined benefits of that action and previous actions exceed the combined costs of that action and previous actions.

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Definitions:

Training Costs

Expenses associated with the development and delivery of training programs for employees.

Collecting Job Information

The process of gathering details about job roles, responsibilities, qualifications, and requirements.

Focus Groups

A research method involving moderated discussions with groups of participants designed to gather opinions on a specific topic.

Employee Logs

Records maintained by organizations to track employee activities, attendance, hours worked, and sometimes specific job duties or project progress.