The principle of relevance helps decision makers compare options by focusing on those costs and benefits that matter, and ignoring items that are common and irrelevant.

Question

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The principle of relevance is used in decision making to focus on costs and benefits that matter and are relevant to the decision, while ignoring common and irrelevant items. This helps decision makers make a more informed and efficient choice.

The Principle of Relevance Helps Decision Makers Compare Options by Focusing