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6th Finance quiz

Total questions: 13

Worksheet time: 10mins

Name
Class
Date
1.

What is the first step to decision making?

a)

List the alternatives

b)

Use Pro/Cons to make a decision

c)

Define the problem

d)

Be spontaneous

2.

You have to make a project for 6th period Career and Financial Life Management. What do you make?

a)

Kahoot

b)

Something Creative

c)

Abstract art

d)

Present the Bee movie script

3.

What is the 3rd step of decision making?

a)

Make a final decision

b)

Evaluate your alternatives

c)

Identify criteria

4.

You want to buy a car which you've got a deal for which is $1000. Or you get a new smartphone which is also $1000. How do you go about your decision making? You only have $1000

a)

Impulsively buy the phone cuz u gotta b hip wit tha kidz

b)

Use all of the steps to evaluate your decision and finally make it.

c)

Ask your friend

d)

Use a pro/con list

5.

Why is step 4 important?

a)

It helps you to identify your criteria.

b)

It helps you to notice other/ better options that could be better than others.

c)

It helps you by identifying the problem.

d)

It helps you make your decision based on what your friends do.

6.
Consequences are always bad: 
a)
A. True
b)
B. False
7.

How many steps are there in the decision-making model?

a)

4

b)

5

c)

5.5

d)

7

8.
What step in the decision-making model is making the decision?
a)
step 2
b)
step 3
c)
step 4
d)
step 5
9.

Problem solving is a:

a)

skill for managers

b)

skill inherent in everyone

c)

impossibility for some people

d)

only for very experienced people

10.

Whats the 2nd step in decision making?

a)

Evaluate the Alternatives

b)

Make a Decision

c)

Identify your Criteria

d)

Defining the Problem

e)

Listing the Alternatives

11.

The decision-making model will help you to:

a)

make perfect decisions

b)

make better decisions

c)

help you to make impulsive decisions

d)

Make decisions you'll regret later

12.

What is Step 4

a)

Making a Decision

b)

List the Alternitaves

c)

Evaluating your alternitaves

d)

Evaluating your criteria

13.

Your friends are telling you to get an airplane, but you want a boat how do you go about this situation.

a)

Give in and buy an airplane

b)

Use your decision making skillz to decide

c)

Flip a coin

d)

Roll dice