Pre-Quiz Unit6 : Risk Management and Decision Making

An impulsive person

• doesn't think before they act.

• doesn't act before they think.

• doesn't know when to quit.

• doesn't know how to shut up.

If you make decisions because "it just feels right" you are probably an _______________ decision maker.

• immature

• authoritative

• impulsive

• intuitive

A person who procrastinates

• gets things done right away.

• puts things off until the last minute.

• gets upset when they don't make a quick decision.

• is always wrong.

Pros and cons are best described as

• plus signs and minus signs.

• benefits of making a decision

• NFL players and people in prison.

• advantages and disadvantages.

This type of decision maker can explain why they choose the way they do.

• Rational

• Authoritative

• Impulsive

• Instinctive

You are going to buy a car. You shop around and look at several and then make a list of pros and cons. What type of decision maker are you?

• Impulsive

• Fatalistic

• Rational

• Irrational

The amount paid for insurance is the

• closing cost
• premium
• deductible
• assessed value

Tags

CCSS.RI.11-12.5

CCSS.RI.9-10.5

CCSS.RI.11-12.3

CCSS.RI.8.3

CCSS.RI.9-10.3

Insurance that protects your family against financial loss due to your death is

• coinsurance
• disability insurance
• life insurance
• comprehensive insurance

The type of insurance that provides protection against financial loss from medical bills is called

• health insurance
• coinsurance
• life insurance
• premium

Tags

CCSS.7.RP.A.3

The person named in a life insurance policy to receive the death benefit is called the

• policy holder
• beneficiary
• recipient
• insurance agent