Ch 21: Principles and Basis of Business Decisions

About This Chapter

Learn about a number of factors that affect decisions in business in this chapter. These influences on business choices are brought to you through flexible and entertaining video learning resources.

Principles and Basis of Business Decisions - Chapter Summary

This chapter highlights the seven steps involved in decision making and introduces the process of evaluating methods for allocating goods and services. You'll examine the function of choice and the rational choice theory. Explore the brief video lessons for a fun and effective way to familiarize yourself with the important discussion points. Topics that you'll learn about in the lessons are as follows:

  • The decision making process
  • Economic scarcity
  • Intuitive decision making in business
  • Resource allocation
  • Tips for making realistic major decisions

Transition between various video portions with ease by using the convenient video tags. Get an idea of how well you're comprehending this chapter's information via the lessons' self-assessment quizzes. Wrap up your study of this topic in no time with these videos that can each be viewed in about 5-10 minutes. Once you're done studying business decisions, take the chapter exam to see how well you understand the material.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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