The correct answer is false, I just took the test!
There are no choices but a producer who has an absolute
advantage can make goods and services at less cost and at faster pace compared
to his or her competitors. Usually these
producers have developed a process to come with more goods and services that
they can them available at the market.
The steps in the PACED decision making model are define the problem, list alternatives, state criteria, evaluate alternatives, and make a decision.
Answer: Option A
<u>Explanation:</u>
<u>Define the problem:</u> Identify what the problem is finding out how to solve it precisely.
<u>List alternatives:</u> Possibilities, solutions for the problems. There can be hundreds of alternatives in solving a Problem, it can be realistic or unrealistic. It’s up to an individual to choose the fastest and the most effective solution.
<u>State Criteria’s:</u> Criteria’s helps in judging the problem. Hence, we can have as many criteria’s we want, again it’s up to an individual how many criteria. He / She want to choose to solve the Specific problem. It’s one of the important factors because it helps us to peek & judge our best criteria and alternatives for solving the problem.
<u>Evaluate alternatives:</u> Its where we take the criteria & evaluate all our alternatives.
<u>Make decision:</u> Here we will look at the evaluation, criteria & alternative and add up the total. We should choose the best alternative we have the most realistic & logical alternative should be chosen to make a correct & most potent decision.
The cooperative system is the entities that have a common objective and goals.
<h3>What is a cooperative system?</h3>
This is a system that exists due to the fact that multiple groups have a common goal.
The cooperative system is one that the people share information within themselves in order to achieve a goal that is common to all.
Read more on cooperative systems here: brainly.com/question/8007306
