Which of the following is a correct characterization of socialism? Question 9 options: a) Central planning is seldom used to answer the basic economic questions. b) Government ownership of many resources and centralized decision-making answers the basic economic questions. c) Tradition answers the basic economic questions. d) Markets are used exclusively to answer the basic economic questions.
command economy
Explanation:
Production decisons are used in the command economy.I hope this helped you.
a rational decision if the person leaving the tip is concerned about fairness.
Step-by-step explanation:
Tipping a server or waiter is rational only when the decision is based or concerned about fairness otherwise it may not be logical to tip a server.
Rational decision making favors target information and a proper procedure of examination over subjectivity and instinct.
Explanation:
Its part of the command economy
Macroeconomics is the study of the economy as a whole while microeconomics deals with the individual decision-making units.
(Option A) is the right answer
Explanation:
Microeconomics is taken from the Greek prefix called "mikro" which means "small". This is one of the branches of economics which talks about the study of behavior of individuals and firms in making decisions regarding the allocation of scarce resources. It also deals with the interactions among these individuals and firms.
Macroeconomics deals with "large-scale or general economic factors"
It is the study of "National economy"
Eg. Aggregate supply, Aggregate demand , Inflation.
The correct answers are A, B, and C.
To improve decision-making abilities, managers should A) rank various alternatives even when all relevant information is not available. B) ignore biases and personal style for making decisions. C) list the criteria that are being used to assess and evaluate alternatives and evaluate if the factors are appropriate.
Managers are paid to make decisions and show good results. They are responsible for the company's operations. So decision making is of the utmost importance for managers. So managers have to understand the nature of the problem to get the best decision available. It has to use the cost-benefit analysis, consider two or three options, evaluate each one and consider the feasibility of each regarding the nature of the problem. pick one alternative, make the decision, follow-through, and evaluate the results.
B
Explanation: