
Decision Making
Quiz
•
Professional Development
•
2nd Grade
•
Practice Problem
•
Medium
Tricia Davis
Used 7+ times
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Choices; different ways to solve a problem; opportunities to choose among several courses of action.
alternatives
consequences
risk
opportunity cost
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Outcomes or results of a decision; what will happen depending upon what you choose to do; these are determined by your actions or lack of actions
alternatives
consequences
risk
opportunity cost
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The possibility that your decision will result in a negative outcome; taking a chance; risk may involve losing money
alternatives
consequences
risk
opportunity cost
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A trade-off. It refers to what you give up when a decision is made or the cost of giving up one thing in order to get something that you want more. The cost may involve your time, money, and/or effort.
alternatives
consequences
risk
opportunity cost
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Choose the best one to complete the sentence:
You take a chance and buy a lottery ticket. The possibility that you will lose money is called:
an alternative
a consequence
a risk
an opportunity cost
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Choose the best one to complete the sentence:
When you have different choices to solve problems, your choices are called:
an alternative
a consequence
a risk
an opportunity cost
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Choose the best one to complete the sentence:
When trying to solve your problem, you should come up with positive and negative results. These are called:
an alternative
a consequence
a risk
an opportunity cost
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