Unit 1 How Your Choices Affect Income

A desired outcome, based on one's values, for which a plan of action is developed and carried out.

• Goals

• Skils Set

A principle that reflects the worth you place on an idea or action

• Value

• Self-training

The job openings that are available when you are ready to go to work

• Soft Skills

• Job Market

Describe what a job would be like, including the tasks performed and skills needed

• Job Description

• Job Market

Learning new skills from reading and practicing on your own

• On the Jon Training

• Self- training

The decision-making process starts with gathering information.

• False

• True

Procrastination is and example of an economic influence on decision-making

• False

• Tue

Higher interest rates result in higher costs of borrowing money

• False

• True

Rising prices causing lower buying power is referred to as an inflation risk.

• False

• True

Interest earned on savings may be referred to as the "time value of money"

• False

• True