All decisions involve trade-offs. Trade offs are the alternatives one gives up whenever one chooses one course of action leaving out out all other alternative courses of action.
Trade-offs are practically found in all economic decisions. For instance, when one chooses to take a special cup of cappuccino for $330, this excludes spending this amount of cash on tea or fruit juice. When you choose to buy an expensive piece of art, you will have to spend more money towards maintenance and security of the painting. If you decide to work in a far-off city due to better pay there, you spend less time with family and friends in your hometown.
Attribution Theory focuses on how individuals explain their success and failure.
Option A
<u>Explanation</u>:
Attribution theory revolves around how individuals express events and how this affects their thinking and behaviour, so basically how they express their success and failure. This theory was proposed by Wiener and colleagues. The theory researches on why people do what they tend to do and other cases on their behaviour. So we can say that attribution theory revolves around the behavioural patterns of individuals in terms of achievement and failure.
A person who seeks to understand why a person did something is one of the causes to that behaviour which has three cases. One being, the person must have a keen eye on the behaviour, the second being that the person must know that the behaviour was performed intentionally, and the third one being that the person must know or believe that the other person was forced to perform the behaviour or not.
This form of circular inquiry that asks questions and questions answers is called <u>"sociological thinking".</u>
It is regularly contended that sociological thinking is only a branch out of commonsense. Individuals connect it with investigating the undeniable and giving round thinking that never appear to have an experimental method for approval.
Sociological thinking endeavors to see the general public not as a gathering of disconnected people or separate organizations, yet in general.
Sociological thinking enables difficulties to the assumed realistic and desires a more radical and inciting way to deal with the social certainties.
Answer:
Cartel
Explanation:
According to sociology, a cartel is a formal group that is formed to make price decisions on a product or service. In other words, a cartel is a organization that is created from a formal agreement between producers of a product or service with the objective of regulate their supply or manipulate the prices and therefore, limiting the competition by controlling the production, distribution and pricing of the service they do. So, a cartel is an agreement between commercial enterprises.