Buying something on a whim is this type of purchase
Impulse
100
Critical Thinking means applying ______ strategies in order to make sound decisions
Reasoning
100
Strongly held belief or principle about what is worthwhile
Value
200
Your judgements about the relative importance of alternatives
Priorities
200
Four ways to efficiently use limited resources
Expand, Conserve, Substitute, Exchange
200
The first step of the decision-making process
Identify the decision
200
This magazine is non bias source of information
Consumer Reports
200
The R.T. in S.M.A.R.T. refers to
Results-focused
Time-bound
300
Acronym for a technique used in class to make and reach goals
S.M.A.R.T
300
Planning, Organizing, Implementing, and Evaluating are steps in ...
The Management Process
300
The last step in the decision-making process
Evaluate the decision
300
licenses, certifications, or degrees that indicate knowledge and experience
Credentials
300
Exchanging goods and services with another person
Bartering
400
Person 1 and Person 2 both value good grades but Person 1 thinks C's are good while Person 2 only thinks A's are good. They have the same values but not the same ______.
Standards
400
Give three ways to better manage time and energy
Answers vary
400
purchasing goods to impress others
Conspicuous Consumption
400
name three sources of consumer information
Advertising
media
salespeople
other consumers
consumer protection agencies
400
Turning lights off when not needed is an example of this
conserving resources
500
What do they M and A stand for in S.M.A.R.T
Measurable and Achievable
500
This is a problem that occurs because of limited resources and unlimited wants
Scarcity
500
Factors affecting decision making decisions
Family
Social
Economy
Tech
Culture
500
a preference that might prevent impartial judgement
bias
500
using a different resource in place of another resource is...