ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Procrastinate
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Consequence
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Opportunity Cost
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Prioritize
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Detailed explanation-1: -Procrastination is the delay or avoidance of a task or decision against our own intentions. We may “put things off” in many areas of our life, such as in our work, in our social life, and in our health.
Detailed explanation-2: -Examples of productive procrastination An example of productive procrastination is someone who procrastinates on an important task, such as writing a report, by working on secondary tasks, such as answering emails.
Detailed explanation-3: -There are six different types of procrastinators: Perfectionist, Dreamer, Worrier, Defier, Crisis-Maker, and Over-doer.
Detailed explanation-4: -We can summarize procrastination as the decision to delay action with the clear expectation that the delay will negatively impact desired outcomes.