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Which of the following best describes the goal of economic factors in rational decision-making?

AMaximizing customer satisfaction

BMinimizing costs and maximizing profits

CEnsuring compliance with legal standards

DEnhancing the technical feasibility of all options

Answer:

B. Minimizing costs and maximizing profits

Read Explanation:

Economic factors in decision-making are primarily concerned with achieving financial efficiency by reducing costs and maximizing profits. These considerations help ensure that resources are utilized effectively to benefit the organization financially.


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