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When you are thinking on the margin the factor that should most influence your decision is most closely described by which of the following terms?
Wiki User
∙ 12y ago
opportunity cost
Wiki User
∙ 12y ago
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When you are thinking on the margin the which factor should most influence your decision is?
opportunity cost
What are the essential characteristics of a good decision?
Thinking well, acting better.
What does thinking at the margin mean?
Thinking about the costs and benefits of making changes in behavior. when you make a decision, most people think on the margin, meaning they think about the positive and negative benefits of making one decision rather than another.
How does thinking at the margin change the decision-making process?
It gives you more time to think about your choices and using time to see how you could process over that period
How have current events economics and culture influence thinking about marketing?
Current events, economics and culture all influence thinking about marketing. Today the trend is to market products from immersion. You may see the product in movies, on tv shows in a music video, tweeted and facebooked and brought to you in ways you may not even realize. You will notice the same folks popping up repeatedly for a few months pushing their new thing. Logos are everywhere. Sell, sell, sell.
When you are thinking on the margin the which factor should most influence your decision is?
opportunity cost
What is the influence of culture on thinking called?
The influence of culture on thinking is called cultural cognition. Cultural cognition refers to how people's values, beliefs, and cultural background shape their perceptions, judgments, and decision-making processes.
How is critical thinking beneficial in the decision making process?
Critical thinking helps individuals analyze information, evaluate arguments, and consider different perspectives before making a decision. It enables individuals to make well-informed choices by identifying biases, assumptions, and logical fallacies that may influence their decision-making process. By incorporating critical thinking, individuals can make more rational, reasoned, and effective decisions.
Dichotomous thinking could be described as?
Dichotomous thinking could be described as A. philosophical. B. eccentric. C. black and white. <--- D. closed-minded.
How is does emotion influence your decision making?
Emotions can affect decision making by influencing how information is processed and perceived. Strong emotions can lead to biased thinking and impulsive choices, while positive emotions can enhance creativity and risk-taking. Understanding and managing emotions can help make more rational and balanced decisions.
What is the role in perception and critical thinking?
Perception involves the way we interpret and make sense of our environment through our senses. Critical thinking is the process of analyzing and evaluating information to make informed decisions. Perception can influence critical thinking by shaping how we view and interpret information, which can impact the quality of our reasoning and decision-making.
Dichotomous thinking could be described?
black and white
Dichotomoous thinking could be described as?
black and white
What is historical influence?
Historical influence is where events affect people's way of thinking and often shapes their way of thinking on how to handle social issues.
Which of the following best describes the critical thinking element of implications?
The critical thinking element of implications involves analyzing potential consequences, outcomes, or effects of a particular idea, decision, or action. It requires considering both immediate and long-term implications to make informed and logical judgments.
What is the act of thinking of all of the ways to carry out a decision?
It is using critical thinking skills.
What is a rhetorical decision?
A rhetorical decision is the choice made by a speaker or writer regarding how to communicate a message effectively to their audience. It involves selecting the most appropriate language, tone, and persuasive techniques to influence the audience's beliefs, attitudes, or behaviors. The goal of a rhetorical decision is often to persuade or engage the audience in a particular way.
