WorksheetsUnit 1 How Your Choices Affect Income
Total questions: 15
Worksheet time: 8mins
A desired outcome, based on one's values, for which a plan of action is developed and carried out.
Goals
Skils Set
A principle that reflects the worth you place on an idea or action
Value
Self-training
The job openings that are available when you are ready to go to work
Soft Skills
Job Market
Describe what a job would be like, including the tasks performed and skills needed
Job Description
Job Market
Learning new skills from reading and practicing on your own
On the Jon Training
Self- training
The decision-making process starts with gathering information.
False
True
Procrastination is and example of an economic influence on decision-making
False
Tue
Higher interest rates result in higher costs of borrowing money
False
True
Rising prices causing lower buying power is referred to as an inflation risk.
False
True
Interest earned on savings may be referred to as the "time value of money"
False
True
The final step of the decision-making process is:
evaluating the results
gathering information
identifying the problem
selecting the best course of action
Changes in the buying power of the dollar are measured by:
the unemployment rate
the money supply
the consumer price index
interest rates
Consumer spending is likely to rise when:
unemployment is high
interest rates are low
taxes rise
people are putting more
money into savings accounts
Investments that may be difficult to convert to cash quickly have a high ___________ risk.
inflation
economic
income
liquidity
What a person gives up when making
a decision is commonly called:
the time value of money
a personal risk
an opportunity cost
spontaneity
