ECONOMICS (CBSE/UGC NET)

ECONOMICS

DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Major Decision includes all of the following but
A
buying a car
B
what to do after high school
C
what I should put on my toast
D
what career I should pursue
Explanation: 

Detailed explanation-1: -Examples include decisions about a career change, moving, buying or selling a house, ending or beginning a relationship, placing loved ones in a full-time care facility, adopting a child, retirement and many more.

Detailed explanation-2: -Step 1: Identify Your Goal. One of the most effective decision making strategies is to keep an eye on your goal. Step 2: Gather Information for Weighing Your Options. Step 3: Consider the Consequences. Step 4: Make Your Decision. Step 5: Evaluate Your Decision.

Detailed explanation-3: -Facilitating a brainstorming session to decide on a new product feature. Choosing a candidate to give a job offer to. Collecting feedback from team members to ideate a new team workflow. Researching market trends to understand how they’ll impact company strategy. More items •03-Aug-2022

Detailed explanation-4: -Don’t let stress get the better of you. Give yourself some time (if possible). Weigh the pros and cons. Think about your goals and values. Consider all the possibilities. Talk it out. Keep a diary. Plan how you’ll tell others. More items

There is 1 question to complete.