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Making Wise Decisions

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.
Choice that is made about things that affect a person's life.
a)
values
b)
decision
c)
trade-off
d)
well-being
2.
Guides individuals to think through all components of making a good decision for amajor decision
a)
decision-making process
b)
opportunity cost
c)
major decision
d)
well-being
3.
Impacts an individual’s or family’s well‐being
a)
financial decision
b)
routine decision
c)
values
d)
decision
4.
Have long‐term effects on a person’s life. They should be made very carefully andwith a lot of thought.
a)
decision-making process
b)
values
c)
trade-off
d)
major decision
5.
The value of the next best alternative that must be forgone as a result of a decision
a)
opportunity cost
b)
values
c)
financial decision
d)
well-being
6.
Made on a daily basis and it doesn’t require a lot of time to think through
a)
routine decision
b)
trade-off
c)
well-being
d)
values
7.
Giving up one thing for another
a)
decision
b)
opportunity cost
c)
trade-off
d)
well-being
8.
Giving up one thing for another
a)
decision
b)
opportunity
c)
financial decision
d)
trade-off
9.
The state of being happy, healthy and prosperous
a)
well-being
b)
values
c)
major decision
d)
trade off
10.
Fundamental beliefs or practices about what is desirable, worthwhile, and important
a)
values
b)
financial decision
c)
opportunity cost
d)
decision