ECONOMICS (CBSE/UGC NET)

ECONOMICS

DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A good example of impulsive decision-making is purchasing a car:
A
without adequately finding alternatives
B
after thinking for one year.
C
based on a friend’s opinion
D
based on consumer reviews.
Explanation: 

Detailed explanation-1: -A good example of impulse decision-making is purchasing a car: Without thinking about the purchase. Deciding whether or not to confront a friend who shoplifts is a: Personal decision.

Detailed explanation-2: -How can a person determine that a decision was a good one? The decision met the person’s goals.

Detailed explanation-3: -Using a hunch to help make a decision is an example of: Mystic style. After identifying interests, skills, and abilities, it is necessary to: Match them to possible careers.

Detailed explanation-4: -When a student says, “I plan to make an A on Friday’s math test, ” this is an example of a: Short term goal.

There is 1 question to complete.