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Decision-Making Vocabulary

Total questions: 6

Worksheet time: 8mins

Name
Class
Date
1.

You take a chance and buy a lottery ticket. The possibility that you'll lose your money is called:

a)

An alternative

b)

A consequence

c)

A risk

d)

An opportunity

2.

There are several different ways you could solve a problem. Your choices are called:

a)

Alternatives

b)

Consequences

c)

Risks

d)

Opportunity Costs

3.

Whenever you make a decision, you have to be willing to accept the results. The results of your actions are called:

a)

Alternatives

b)

Consequences

c)

Risks

d)

Opportunity Costs

4.

You give up something because you want something else more. What you give up is called:

a)

An alternative

b)

A consequence

c)

A risk

d)

An opportunity cost

5.

Joe forgot to mail in his car payment on time. As a result, he has to pay a late fee. This late fee is:

a)

An alternative

b)

A consequence

c)

A risk

d)

An opportunity cost

6.

Sarah decides to watch a movie instead of doing her math homework. What are some possible consequences of her decision?

4 lines