Making Decisions
Other
8th Grade
Used 140+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The decision-making process starts with gathering information.
False
True
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Procrastination is an example of an economic influence on decision-making.
False
True
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Higher interest rates result in higher costs of borrowing money
False
True
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Rising prices causing lower buying power is referred to as an inflation risk.
False
True
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Interest earned on savings may be referred to as the “time value of money.”
False
True
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The final step of the decision-making process is:
evaluating the results
gathering information
identifying the problem
selecting the best course of action
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Changes in the buying power of the dollar are measured by:
the unemployment rate
the money supply
the consumer price index
interest rates
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