Complete the Statement 'Rational Decision-Making Is Based on a ___

question 13

Multiple Choice

Complete the statement 'Rational decision-making is based on a ___ approach (i.e.how decisions ___ made) .This contrasts with a ___ approach.'

• A)positivist,might be,normative
• B)normative,should be,and intuitive
• C)reasonable,are actually,positivist
• D)deductive,might theoretically be,inferential

---

Definitions:

Capital

Resources made and used by people to produce and distribute goods and services, including buildings, machinery, tools, and equipment.

Investment

Utilization of resources (such as capital, time, or effort) with the expectation of achieving a future return, often through the acquisition of assets or improvement of productivity.

Inefficiency

The state of not achieving maximum productivity; failing to make the best use of time, resources, or energy.

Technological Advances

Refers to the progress in technological development that leads to new or improved goods and services, manufacturing processes, or the development of new markets, impacting economic growth and productivity.