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Making Rational Trade-Offs in Business Decisions

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is a trade-off?

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1. Which of the following can a business use to help it make the best decision?

2. Which choices can a business eliminate first?

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About This Quiz & Worksheet

The particular focus of this quiz and worksheet will be on topics like trade-offs, decision making in business, and what that typically involves.

Quiz & Worksheet Goals

These tools will ask you about:

  • What a trade-off is
  • Things businesses can do to make good decisions
  • Potential decisions that should be omitted immediately
  • The reason business decisions have trade-offs

Skills Practiced

  • Information recall - access the knowledge you've gained about trade-offs
  • Critical thinking - apply relevant concepts to examine information about decision making for businesses in a different way
  • Interpreting information - verify that you can read information about making proper decisions and interpret it correctly

Additional Learning

Keep on learning about these materials by looking out the corresponding video lesson, Making Rational Trade-Offs in Business Decisions. This lesson will specifically cover:

  • What a business decision is
  • The way trade-offs work
  • How to choose the best decision
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