ECONOMICS
DECISION MAKING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
It calls for willpower and a quick response
|
|
|
It calls for self respect and determination
|
|
|
It calls for confidence and loyalty
|
|
|
It calls for punctuality and honesty
|
Detailed explanation-1: -Willpower is a resource which rises and falls. By maintaining an awareness of your energy levels and replenishing yourself when you start to feel low, you can provide your brain with the resources it needs to make better, more consistent decisions and avoiding impulsive, careless decision making.
Detailed explanation-2: -Willpower is the ability to resist short-term gratification in pursuit of long-term goals or objectives. Willpower is correlated with positive life outcomes such as better grades, higher self-esteem, lower substance abuse rates, greater financial security, and improved physical and mental health.
Detailed explanation-3: -The concentration of decision-making authority is called centralisation whereas its dispersal among more than one person is known as decentralisation.
Detailed explanation-4: -With decision, it is more of a process orientation, meaning we are going through analysis and steps to eliminate (or, cut off) options. With choice, it is more of a mindset approach, meaning we have a perception of what the right or wrong choice may be.