Suppose That a Person Makes a Choice That Seems Inconsistent

question 112

Multiple Choice

Suppose that a person makes a choice that seems inconsistent with the cost-benefit principle.Which of the following statements represents the most reasonable conclusion to draw?

• A) The person (explicitly or implicitly)over-estimated the benefits or under-estimated the costs or both.
• B) The abstraction of the cost-benefit principle is so great as to be unable to explain behaviour.
• C) The person does not grasp how decisions should be made.
• D) The person is simply irrational.
• E) Because people do not explicitly calculate benefits and costs,it is not surprising that choices are made which violate the cost-benefit principlE.

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Definitions:

In-Service Training

Education and training provided to employees while they are engaged in their work, often aimed at improving skills and knowledge.

Emergency Procedures

Planned responses to unexpected and potentially harmful events, designed to minimize damage and ensure safety.

Disaster/Crisis Drills

Exercises or simulations designed to prepare individuals and organizations for the event of a disaster or crisis.

Shelter-In-Place

A safety protocol instructing individuals to stay indoors and secure their location during emergencies or threats.