Career Prep Semester Exam 2024

Front

Which of the following best describes instant gratification? Options: The ability to wait for a more rewarding outcome, A strong preference for immediate rewards over delayed ones, The understanding that waiting can lead to better results, The habit of saving for future needs

Back

A strong preference for immediate rewards over delayed ones

Front

Which of the following is an example of delayed gratification?
- Eating dessert before finishing your vegetables
- Buying a new phone immediately after it is released
- Waiting to buy a car until you have saved enough money
- Skipping study time to play video games

Back

Waiting to buy a car until you have saved enough money

Front

Why might someone prefer instant gratification over delayed gratification?

Back

They find it difficult to resist immediate temptations

Front

Which statement is true about the difference between instant and delayed gratification? Options: Instant gratification leads to long-term success, while delayed gratification provides short-term pleasure. Delayed gratification often requires more self-control and discipline than instant gratification. Instant gratification always leads to negative outcomes. Delayed gratification is only beneficial in financial situations.

Back

Delayed gratification often requires more self-control and discipline than instant gratification.

Front

What is the first step in the decision-making process?

Back

Define the problem

Front

A "trade-off" occurs when:

Back

You give up one thing to gain another

Front

What is "opportunity cost"?

Back

The value of the next best alternative not chosen

Front

Which term best describes choosing the benefit of one option over another?

Back

Trade-off

Front

Delaying a purchase to save money for a better product later is an example of:

Back

Delayed gratification

Front

A person who often chooses instant gratification is likely to:

Back

Seek immediate rewards even if they are not the best option