Lesson: 1 Making Decisions (Part 1)
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Other
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12th Grade - Professional Development
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Eric Smith
Used 4+ times
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1 Slide • 10 Questions
1
2
Multiple Choice
What is the first step of the decision-making process?
Gather Information
Identify the Problem
Evaluate the Results
Make a Plan of Action
3
Multiple Choice
Procrastination is an example of?
An Economic Influence
A Decision-making Strategy
A Superhero's Mantra
Poor Time Management
4
Multiple Choice
Higher interest rates result in?
Going Viral
Higher Prices
Sold Out Shows
Higher Costs of Borrowing Money
5
Multiple Choice
Rising prices causing lower buying power is referred to as?
An Inflation Risk
An Inflation Gain
6
Multiple Choice
Interest earned on savings may be referred to as?
Free Money
The Time-value of Money
Delayed Gratification
Compound Interest
7
Multiple Choice
The final step of the decision-making process is:
Evaluating the Results
Gathering Information
Identifying the Problem
Selecting the Best Course of Action
8
Multiple Choice
Changes in the buying power of the dollar are measured by:
The Unemployment Rate
The Money Supply
The Consumer Price Index
Interest Rates
9
Multiple Choice
Consumer spending is likely to rise when:
Unemployment is High
Interest Rates are Low
Taxes Increase
Interest Rates are High
10
Multiple Choice
Investments that may be difficult to convert to cash quickly have a high ___________ risk.
Inflation
Economic
Income
Liquidity
11
Multiple Choice
What a person gives up when making a decision is commonly called:
The Time-value of Money
A Personal Risk
An Opportunity Cost
Spontaneity
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