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WorksheetsDMP, SMART Goals, & VWN
Total questions: 59
Worksheet time: 44mins
The process of making a choice or solving a problem.
Experience
Decision Making
Values
Integrity
The beliefs that guide the way a person lives.
Values
Decision
Character
Role Model
What is the FIRST step of the decision-making process?
make a plan!
make a decision
determine need or want
evaluate choices
Which of these is not part of the decision making process?
Gather information
Consider the consequences
Evaluate the results
Agonize
A ________________ is something that happens as a result of a particular action or set of conditions
Technology
Warranty
Resource
Consequence
Developing a thorough plan of action prior to deciding what to do is called a ____________________.
Complaint
Comparison Shopping
Decision-making Process
Budget
They often only involve you, and they have few possible negative consequences
Minor Decisions
Major Decisions
Prefrontal Cortex
Criteria
They require serious thought and should be made in an orderly way, these decisions have a greater impact on your life
Values
Limbic System
Minor Decisions
Major Decisions
The standards in which you base your decisions
Self-Image/Self-Concept
Dopamine
Criteria
Responsible
What is opportunity cost?
the value of the next best option that is not selected when a choice is made.
there is not enough of it.
things people make to earn money.
actions people do to earn money.
Which is a need?
iPhone
medication
coffee
Ray-Ban sunglasses
These are the things we desire to have.
Wants
Goals
Opportunity Costs
When "wants are greater than the resources available to satisfy them," it is called...
Scarcity
Needs
Opportunity Cost
None of these answers
When you make a choice, you often have to give up other options...those things are called the...
Opportunity Cost
Missed Opportunities
Misused Resources
Scarce Options
Which one of the following is an opportunity cost?
You stay out late and your parents ground you.
You run a red light and you get a ticket.
You choose to give up math to study for history.
In a softball game, you miss the ball and strike out.
A student decides to buy a ticket for a concert instead of buying a new shirt. What is the opportunity cost of buying the ticket?
the concert
the price of the ticket to the concert
the shirt
the time spent purchasing the ticket
All except the following is a step in the decision making process
Evaluate the decision
Flip a coin
List all your alternatives
Carry out the decision
True or false: The decision-making process is used only for big, important decisions.
True
False
True or false. A decision will affect only the person who makes it.
True
False
True or false: A poor decision can be a learning experience.
True
False
Belief or practice of what is important, desirable and worthwhile to an individual.
Need
Well-being
Value
Want
Something that is
unnecessary to life, but desired.
Need
Well-being
Value
Want
An item that is necessary for life
Need
Well-being
Value
Want
Which option is a Need?
Car
Hot Tub
Nike Sneakers
Ipod
What is an example of Wants
Cell Phone
Water
Food
Shelter
Guides individuals to think through all components of making a good decision for a major decision
major decisions
decision‐making process
routine decisions
well‐being
Have long‐term effects on a person’s life. They should be made very carefully and with a lot of thought.
major decisions
decision‐making process
routine decisions
well‐being
Impacts an individual’s or family’s well‐being
major decisions
decision‐making process
routine decisions
decision
The state of being happy, healthy and prosperous
major decisions
Well-being
routine decisions
decision
Made on a daily basis and don’t require a lot of time to think through
major decisions
Well-being
routine decisions
decision
determine all the choices you have
Identify the Problem
Identify Alternatives
Decide
Evaluate the Results
know the problem or question before searching for an answer
Identify the Problem
Identify Alternatives
Decide
Evaluate the Results
make the best choice after thinking about all of the consequences.
Identify the Problem
Identify Alternatives
Decide
Evaluate the Results
this will help in making better decisions in the future.
Identify the Problem
Identify Alternatives
Decide
Evaluate the Results
What is an example of a Major Decision?
What to wear in the morning
Saving for a family vacation
What to pack for lunch
Where to sit on the school bus
Specific objectives to be accomplished through financial planning.
short‐term goal
goal
education goals
financial goals
The end result of something a person intends to acquire, achieve, do, reach or accomplish.
short‐term goal
goal
education goals
Financial goals
Achieve in a time period of less than one year.
short‐term goal
goal
Values
education goals
Achieve in a time period of more than one year.
short‐term goal
goal
Long-term goal
education goals
Help individuals prepare for success in the workplace.
short‐term goal
goal
Long-term goal
education goals
The following elements describe a SMART goal
Specific, Measurable, Attainable, Realistic, Time Bound
Short, Measurable, Action, Realistic, Time Bound
Specific, Monetary, Attainable, Recognize, Temporary
Short term, Mandatory, Attainable, Repetition, Timely
The loss of potential gain from other alternatives when one alternative is chosen
personal financial planning
opportunity cost
goals
demand
A balance achieved between two desirable but incompatible features; a compromise.
opportunity cost
trade-off
value
want
What does the S stand for in SMART GOALS
Specific
Special
Standard
Sports
What does the M stand for in SMART Goals
Mighty
Mediocre
Measurable
Most
What does the A in SMART stand for?
Attainable - a goal must be reachable; you CAN do it.
Admirable - a goal must impress people.
Artistic - a goal must be creative.
Academic - a goal must be scholarly and oriented towards learning.
Relevant - a goal must be something that is important to YOU
Timely - the goal must be reached within a specific length of time.
Why is it important that your goals have deadlines?
You need details.
So you can tell if you have accomplished it or not.
So you know what you are trying to accomplish.
So you will actually work towards achieving it in a timely manner.
Who should set your goals?
Mom
You
Your teacher
Your best friend
Why is goal setting important for EVERYONE?
It's inspiring to work towards things important to you.
To help you succeed in life.
To help your life stay on the track you want it to go.
All of the above.
Why is "I will eat healthy this week" not a SMART goal?
Not attainable.
Not time-bound.
Not measurable or specific.
It is a SMART goal.
I will score 15 soccer goals this season.
SMART goal
NOT a SMART goal
I will learn to play the drums.
NOT a SMART goal
SMART goal
Why is it important that SMART goals are measurable
So you know exactly what you are trying to accomplish
So you know when you have accomplished it or not
So you have a deadline you are working within
So it is something you care about
I will get all A's these 9 weeks.
SMART goal
NOT a SMART goal
"We want to make lots of money with our lemonade stand by the end of the day," is missing...
Timely
Relevant
Specific
Attainable
"I want to run faster than the speed of light by the time I am 20" is a bad goal because...
It is not Specific.
It is not Relevant
It is not Attainable.
It is not Measurable.
Setting goals will help you...
Identify some specific steps to take to help work toward goals
be the first in line to lunch
help you make the basketball team
fail science for the 2nd nine weeks
