Decision Styles
When a choice is made for you by someone else it is called: ________.
Compliant
What is another term for conflict resolution?
What are the 4 phases of the Business Cycle?
Prosperity, Recession, Depression and Recovery
What is an example of Formal learning?
You are on a Marine Biology field trip to Wilmington and make daily entries into your digital journal to complete your senior project. This type of learning experience is FORMAL.
Define economic system.
The organized way in which a country handles its economic decisions and solves its economic problems.
When time and energy is spent, but a choice is not made is called what decision-making style is this called:
Painful
What is the definition of conflict resolution?
A clash between hostile or opposing elements, ideas or force.
List alternate terms for these 2 phases of the Business Cycle, Prosperity and Depression.
Peak; Trough
Give an example of informal learning.
You attended a Founder’s Day Arts Festival during your spring break: INFORMAL learning experience.
Name the 4 types of economic systems.
Traditional, Socialism, Communism, Capitalism
When you make a decision at the last minute without research, this decision style is called:
Impulsive
The key to managing conflict effectively when addressing someone involved in a conflict is to...
talk to that person in a private location.
How do The Four Phases of the Business Cycle affect you?
Employment and Wages
Informal learning is a lifelong process. True or False?
True
Finding employment through an international refugee assistance program impacts the _____
Global Economy
List the 5 decision-making styles.
Planful, Painful, Impulsive, Compliant and Delaying
When a conflict arises between two co-workers, the best solution is
to communicate with the co-worker to seek a solution.
Define GDP.
Gross Domestic Product - the total dollar value of all final goods and services produced in a country during one year.
As we get older we learn from our __________.
As we enter the workforce, we learn from our ___________.
Friends; Co-workers
What is globalization?
The development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets.
List the 6 steps to decision making.
1.DETERMINE NEEDS.
2.ANALYZE PERSONAL RESOURCES.
3.GATHER INFORMATION ABOUT ALTERNATIVES
4.PRIORITIZE ALTERNATIVES
5.TAKE ACTION!
6.REVIEW THE DECISION AND POSSIBLE OUTCOMES
There are 5 steps to conflict resolution. Name all 5.
1. Define the problem.
2. Suggest possible solutions
3.Evaluate a possible solution.
4. Compromise
5. Seek mediation/arbitration
The movement of the economy from one condition to another and back again is called
the Business Cycle
A community college degree is _____ years in length. While a university degree is _____ or more.
2; 4
What are the 4 types of economies?
Global, National, State and Local economies.