ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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impulse decisions
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critical-thinking decisions
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problem-solving decisions
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informed decisions
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Detailed explanation-1: -Some of the most common factors that influence financial decisions include age, marital status, employment status, and the number of household members. Certain factors influence financial decisions more than others.
Detailed explanation-2: -One of the most common bad financial decisions is not paying off a credit card. If you need to use your credit card for an emergency or end up with some unnecessary debt, the next worst thing you can do is to not pay off your credit card debt.
Detailed explanation-3: -When finances are tight and the chips are down, a company often begins making decisions to cut costs in order to preserve profit margins or even its viability. Decreased revenues may lead companies to become tighter on supply purchasing, travel expenses, new initiatives, training and equipment.
Detailed explanation-4: -Investment Decisions. Investment decisions refer to the decisions regarding where to invest so as to earn the highest possible returns on investment. Financial Decisions. Dividend Decisions.