ECONOMICS (CBSE/UGC NET)

ECONOMICS

DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Why should you decide on your values when making a decision?
A
Because we all hold similar values.
B
Because we all have our unique set of values.
C
Beacuse other people’s opinions and values don’t matter.
D
None of the above
Explanation: 

Detailed explanation-1: -When you consider your values in decision making, you can be sure to keep your sense of integrity and what you know is right, and approach decisions with confidence and clarity. You’ll also know that what you’re doing is best for your current and future happiness and satisfaction.

Detailed explanation-2: -Values are the important beliefs and needs you hold that impact all areas of life. When we make decisions and take actions that honor our values, we are best able to maximize our feelings of satisfaction and fulfillment.

Detailed explanation-3: -Deciding what’s most important to you is key to making a solid financial plan and goals. Your values indicate where you prefer your money to go, creating a path for your budget to follow. They can also help you identify and resolve any disconnects between your values and spending.

Detailed explanation-4: -When you understand your values, you can make decisions confidently knowing that you have your own back. You’ve spent time thinking about your values, and now you can let them help you along the way. Once you understand what your values are, you can use them to help set goals and make plans.

Detailed explanation-5: -Values match = better job performance For any of us, when our values are matched with our activity, our performance increases. We are much more able to access our true skills and abilities, are more focused on what we are doing and not wasting energy second-guessing what others are thinking.

There is 1 question to complete.