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Lesson: 1 Making Decisions (Part 1)

Lesson: 1 Making Decisions (Part 1)

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12th Grade - Professional Development

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Created by

Eric Smith

Used 2+ times

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1 Slide • 10 Questions

1

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​Lesson: 1 Making Decisions (Part 1)

2

Multiple Choice

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

1

Gather Information

2

Identify the Problem

3

Evaluate the Results

4

Make a Plan of Action

3

Multiple Choice

Procrastination is an example of?

1

An Economic Influence

2

A Decision-making Strategy

3

A Superhero's Mantra

4

Poor Time Management

4

Multiple Choice

Higher interest rates result in?

1

Going Viral

2

Higher Prices

3

Sold Out Shows

4

Higher Costs of Borrowing Money

5

Multiple Choice

Rising prices causing lower buying power is referred to as?

1

An Inflation Risk

2

An Inflation Gain

6

Multiple Choice

Interest earned on savings may be referred to as?

1

Free Money

2

The Time-value of Money

3

Delayed Gratification

4

Compound Interest

7

Multiple Choice

The final step of the decision-making process is:

1

Evaluating the Results

2

Gathering Information

3

Identifying the Problem

4

Selecting the Best Course of Action

8

Multiple Choice

Changes in the buying power of the dollar are measured by:

1

The Unemployment Rate

2

The Money Supply

3

The Consumer Price Index

4

Interest Rates

9

Multiple Choice

Consumer spending is likely to rise when: 

1

Unemployment is High

2

Interest Rates are Low

3

Taxes Increase

4

Interest Rates are High

10

Multiple Choice

Investments that may be difficult to convert to cash quickly have a high ___________ risk.

1

Inflation

2

Economic

3

Income

4

Liquidity

11

Multiple Choice

What a person gives up when making a decision is commonly called:

1

The Time-value of Money

2

A Personal Risk

3

An Opportunity Cost

4

Spontaneity

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​Lesson: 1 Making Decisions (Part 1)

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