The Rule of Rational Choice Suggests That One Will Engage

question 3

Multiple Choice

The rule of rational choice suggests that one will engage in more of an activity if:

• A)the total benefit from that activity exceeds the total cost of the activity.
• B)the total cost from that activity exceeds the total benefit of the activity.
• C)the additional cost incurred as a result of the activity exceeds the additional benefit received.
• D)the additional benefit received as a result of the activity exceeds the additional cost incurred.
• E)the average cost incurred as a result of the activity exceeds the additional benefit received.

---

Definitions:

Moral Philosophy

The branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong conduct.

Organizational Environment

The external forces, conditions, and entities that affect the operation and strategies of an organization.

Business Activities

The various actions, operations, and pursuits that a company engages in to achieve its business objectives and generate revenue.

Facilitation Payment

A type of bribe made to expedite or secure the performance of a routine or necessary action to which the payer is legally entitled.