ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Decisions
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Integrity
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Priority
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Trade-off
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Detailed explanation-1: -These might include choices about where to live; what to do; working and learning; how to spend money; and who to have friendships and relationships with.
Detailed explanation-2: -Decision making is the process of making choices by identifying a decision, gathering information, and assessing alternative resolutions. Using a step-by-step decision-making process can help you make more deliberate, thoughtful decisions by organizing relevant information and defining alternatives.
Detailed explanation-3: -Deciding what to wear. Deciding what to eat for lunch. Choosing which book to read. Deciding what task to do next. 11-Sept-2020
Detailed explanation-4: -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.