WorksheetsChapter 11
Total questions: 27
Worksheet time: 14mins
What is the FIRST step of the decision-making process?
make a plan!
make a decision
determine need or want
evaluate choices
A product name repeated several times during commercials is an
example of
Company Advertising
Product Advertising
Target Marketing
Micromarketing
A ________________ is something that happens as a result of a particular action or set of conditions
Technology
Warranty
Resource
Consequence
They often only involve you, and they have few possible negative consequences
Minor Decisions
Major Decisions
Prefrontal Cortex
Criteria
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.
Developing a thorough plan of action prior to deciding what to do is called a ____________________.
Complaint
Comparison Shopping
Decision-making Process
Budget
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
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
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
The beliefs that guide the way a person lives.
Values
Decision
Character
Role Model
True or false: The decision-making process is used only for big, important decisions.
True
False
The process of making a choice or solving a problem.
Experience
Decision Making
Values
Integrity
True or false. A decision will affect only the person who makes it.
True
False
A billboard advertisement promoting the nutritional value of milk is an
example of
product advertising,
company advertising
industry
advertising
micromarketing
In order to attract customers into stores, retailers may use which of the
following promotional techniques?
displays
contests & sweepstakes
frequent buyer cards
all of these
The second step of the decision-making process is to
Define the problem or goal
Compare Choices
Obtain Accurate Information
Take Action
Which of the following items is not a personal factor that influences
buying decisions?
The Economy
Personal Resources
Goals
Customs
Which of these is not part of the decision making process?
Gather information
Consider the consequences
Evaluate the results
Agonize
Basic needs include all of the following except
Shelter
Clothing
Education to achieve personal goals
Safety and Security
True or false: A poor decision can be a learning experience.
True
False
Which of the following is (are) not considered an external factor that
influences consumer spending?
Values & Goals
Economy
Environment
Technological Advances
