Decision-Making

Which answer choice has the steps of the decision-making process listed in order?

• List Alternatives, Identify the Problem, Evaluate the Results, Decide

• Identify the Problem, List Alternatives, Decide, Evaluate the Results

• Evaluate the Results, List Alternatives, Identify the Problem, Decide

• Identify the Problem, Evaluate the Results, Decide, List Alternatives

Match the following term with the definition: VALUES

• Made on a daily basis and don't require a lot of time to think through.

• Guides individuals through all components of making a good decision for a major decision.

• Fundamental beliefs or practices about what is desirable, worthwhile, and important.

• The state of being happy, healthy, and prosperous.

Match the following term with the definition: Decision-Making Process

• Guides individuals through all components of making a good decision for a major decision.

• Have long-term effects on a person's life. They should be made very carefully and with a lot of thought.

• Impacts an individual or family's well being, a decision involving money.

• A choice that is made about things that affect a person's life.

Match the following term with the definition: Major Decisions

• Impacts an individual or family's well being, a decision involving money.

• Made on a daily basis and don't require a lot of time to think through.

• Fundamental beliefs or practices about what is desirable, worthwhile, and important.

• Have long-term effects on a person's life. They should be made very carefully and with a lot of thought.

Match the following term with the definition: Well-Being

• The state of being happy, healthy, and prosperous.

• Have long-term effects on a person's life. They should be made very carefully and with a lot of thought.

• Impacts an individual or family's well being, a decision involving money.

• Guides individuals through all components of making a good decision for a major decision.

Match the following term with the definition: Financial Decisions

• Fundamental beliefs or practices about what is desirable, worthwhile, and important

• Impacts an individual or family's well being, a decision involving money.

• Made on a daily basis and don't require a lot of time to think through.

• A choice that is made about things that affect a person's life.

Match the following term with the definition: Decision

• A choice that is made about things that affect a person's life.

• Guides individuals through all components of making a good decision for a major decision.

• The state of being happy, healthy, and prosperous.

• Fundamental beliefs or practices about what is desirable, worthwhile, and important.

Match the following term with the definition: Routine Decisions

• Impacts an individual or family's well being, a decision involving money.

• Have long-term effects on a person's life. They should be made very carefully and with a lot of thought.

• Made on a daily basis and don't require a lot of time to think through.

• A choice that is made about things that affect a person's life.

State whether the decision is routine or major: 

John is deciding what to eat for lunch today. 

• Routine

• Major

State whether the decision is routine or major:

Eli has to decide if he wants to use the money in his savings account to buy a car or keep his old car and continue saving for a house.

• Routine

• Major