Bell Ringer 6

Front

What is the concept of choice in decision-making?

Back

Choice in decision-making refers to the process of selecting an option from a set of alternatives. It involves evaluating the potential outcomes and consequences of each option.

Front

Define the term 'consequences' in the context of decision-making.

Back

Consequences are the outcomes or results that follow from a decision or action. They can be positive, negative, or neutral.

Front

What is the significance of options in decision-making?

Back

Options are the different choices available to an individual when making a decision. The variety of options can influence the decision-making process and the final outcome.

Front

Explain the concept of risk in decision-making.

Back

Risk in decision-making refers to the potential for loss or negative outcomes associated with a particular choice. It involves assessing the likelihood and impact of adverse consequences.

Front

What does it mean to evaluate alternatives?

Back

Evaluating alternatives involves comparing the different options available in order to determine which one best meets the desired criteria or goals.

Front

Define 'decision-making process'.

Back

The decision-making process is a series of steps that individuals follow to make a choice, including identifying the problem, gathering information, evaluating options, and making a decision.

Front

What is the role of values in decision-making?

Back

Values are the beliefs and principles that guide an individual's choices and actions. They influence the priorities and preferences in the decision-making process.

Front

Explain the term 'opportunity cost'.

Back

Opportunity cost is the value of the next best alternative that is forgone when a decision is made. It represents the benefits that could have been gained from choosing a different option.

Front

What is meant by 'informed decision'?

Back

An informed decision is a choice made based on a thorough understanding of the relevant information, options, and potential consequences.

Front

Define 'bias' in the context of decision-making.

Back

Bias refers to a tendency to favor one option over others based on personal beliefs, experiences, or emotions, which can lead to skewed decision-making.