"I want to expand our social media presence, engaging our customers on their preferred platforms in a cost-effective manner. If I use a rational decision-making process, what can I expect the outcome to be?" "The chances are high that your decision will be biased, especially because the current problem is complex and past patterns will be an inaccurate guide." "Your decision will be based primarily on your preconceptions about social media, what you learn about social media as you begin your research, and Mi Ola’s past experiences engaging with customers online." "You will rate all alternatives against known criteria and choose the course of action that will maximize return to the organization." "You will make a decision that is about 80 percent accurate, which is good enough to meet your objectives given the time and information at your disposal."

"You will rate all alternatives against known criteria and choose the course of action that will maximize return to the organization."

Explanation:

Remember, a rational decision-making process is one that is not based on emotions but on carefully considering the facts. In other words, it involves forming conclusions based on examined evidence, even if they go against our initially perceived outcome.

Therefore, in this case, you will rate all alternatives against known criteria and choose the course of action that will maximize return to the organization.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

the specific actions take by the fed. what the fed was attempting to do by taking these actions. the result of the actions taken by the fed