If a Person Takes an Action If, and Only If

question 143

Multiple Choice

If a person takes an action if, and only if, the extra benefits from taking that action exceed the extra costs, then that person is:

• A)not following the Cost-Benefit Principle.
• B)following the Scarcity Principle.
• C)following the Cost-Benefit Principle.
• D)not rational.

Identify the key aspects and benefits of quality control in business operations.

Recognize the principles and benefits of continuous improvement strategies in organizations.

Understand the concept of internal and external customers and their significance in business operations.

Comprehend the role and methodologies of customer relationship management (CRM) in enhancing business performance.

---

Definitions:

Subjectively

In a manner based on personal feelings, tastes, or opinions.

Intercultural Communication Theory

A framework that examines how people from different cultural backgrounds communicate and interact with each other.

Standpoint Theory

A perspective that individuals’ experiences, knowledge, and communication behaviors are shaped by the social groups to which they belong.

Latin America

A region that includes countries in the Americas where Romance languages (primarily Spanish and Portuguese) are predominant.