Unit 5.14 Self Awareness and Decision Making

What is perception?

• The process of gaining new individual differences

• The way social classes in a society are organized

• The process of selecting, organizing, and interpreting information

• The way you feel about something

Which of the following may help you manage your stress?

• Keeping your feelings to yourself

• Drinking water or taking a break

• Taking your anger and stress out on a friend

• Limiting the amount of sleep you get each night

Which of the following might help you avoid financial stress?

• Keeping some financial information secret from people you share finances with

• Never changing or adapting your financial plan

• Ignoring financial problelms when they occur

• Changing habits that might be damaging to your finances

What might help you when you are having a stressful conversation about finances?

• Talking about problems that aren't related to your finances

• Continuing to talk even when you're very upset

• Reminding the person you're talking with that your ideas are the best

• Being clear about your individual perspective

Which is the following is an example of an emotional motive?

• Gordon buys a coat to stay warm in winter.

• Ali buys a refrigerator to store his food in.

• Chen buys shingles to repair the roof of her house.

• Trish buys a new ouotfit for the first day of school.

Which type of purchase might require a careful decision making process?

• shopping goods

• convenience goods

• staple goods

• impulse goods

Which of the following sources of information about a product is likely to have a bias?

• A magazine such as Consumer Reports

• An advertisement from a store

• A consumer protection agency

• A website dedicated to educating purchasers about a variety of products

Which of these is a procedure that quantifies the personal value of a purchase?

• usefulness of the item is turned into utility

• Production costs of the item are calculated

• Purchase price is calculated as a certain number of working hours

• costs and benefits of the item are determined

Why should consumers look for products that have a warranty?

• It keeps the store from charging a restocking fee.

• It guarantees that they can return the product for any reason.

• It protects them in case the product is defective.

Which describes a brand name?

• A particular company associated with a product

• A guarantee of return or service

• money charged for a returned item

• pay earned by salespeople for making sales