New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    A decision is said to be rational when it is based on

    _______
    A Gut feeling Correct Answer Incorrect Answer
    B Reasoning Correct Answer Incorrect Answer
    C Bias Correct Answer Incorrect Answer
    D Emotions Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Rational decision makingis a multi-stepprocessformakingchoices between alternatives. The rational decision-making process involves careful, methodical steps like identifying the problem, identifying the alternatives, evaluating them and them selecting the best alternative. It is based on logic, analysis or reasoning and objectivity.

    Practice Next

    Relevant for Exams: