U1: Financial Decision Making

Something you want to do or achieve is called a(n)

• want

• prioritizing

• need

• goal

Not having enough money to buy everything that you want.

• Prioritizing

• Opportunity Cost

• Limited Means

• Goal

What you give up in order to get something else.

• Want

• Prioritizing

• Opportunity Cost

• need

When You Put Things in Order Of How Much They Matter.

• Want

• Prioritizing

• Opportunity Cost

• need

Things you must have in order to survive like food, shelter, and safety.

• Want

• Prioritizing

• Opportunity Cost

• need

Things you’d like to have, but they aren’t needed to survive like a movie.

• Want

• Prioritizing

• Opportunity Cost

• need