When Making a Decision, One Should Consider the Desirability of Each

question 141

Multiple Choice

When making a decision, one should consider the desirability of each option, as well as the risks associated with each. This is the core of __________ theory.

• A) loss aversion
• B) utility
• C) satisficing
• D) decision maximization

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Definitions:

Register

A small, high-speed storage location within a computer or other digital processor used to hold temporary data or instructions.

Output

the result or product of a process, system, or activity, such as data from a computer program or electricity from a generator.

Location

The specific place or position where something is situated or where an event occurs.

Thumbwheel Switch

A mechanical component used to input data or values into a system by turning a small wheel that has numbers or characters on its edge.