Factors Affecting Decision Making
Is "socioeconomic status" a factor that can affect decision making?
No, not one we discussed
What does the "A" stand for in PACED?
Alternatives
This event of historical significance occurred in New York City 21 years ago and will be remembered this Sunday
Terrorist attacks of 9/11
What is the purpose of writing a SMART goal?
So that you are actually able to achieve it
What was the county that went through hyperinflation that we discussed on day 1 in this class?
Zimbabwe
These factors can affect your life in both ____ and ____ ways.
Positive / Negative
How many pieces of "criteria" are you allowed to have?
Trick question: as many as you want
This was the first National Park established in the United States
Yellowstone
What does SMART stand for?
Specific, Measurable, Attainable, Relevant, Time-bound
What is one potential danger from being financially illiterate?
Go broke, become the victim of a financial scam, invest in bad stocks, waste money in foolish ways, not have an emergency fund set up, etc.
What category does this situation fall under: "My uncle has a crippling gambling addiction, so now I do not go into casinos"
Family
A PACED chart should be used as a ____ to make decisions
Checklist
This actor played the character Eddie Munson in Netflix's hit show, Stranger Things
Joseph Quinn
Mr. Haller said all SMART goals can always be MORE ____
Specific
How could the uncontrollable event of getting into a car accident negatively impact you finances?
Don't have a way to get to work, medical bill, insurance goes up, etc.
Give a negative example of the "peers" factor
[answers will vary, at Mr. Haller's discretion]
What is one thing you could use a PACED chart for? (Cannot use an example from class)
Decide which college to go to, compare credit cards, purchase a boat, OTHER
This US state is directly west of Texas
New Mexico
Change this goal into a SMART goal: "Purchase a car"
[Answers will vary, at Mr. Haller's discretion. Must include each element of SMART]
List two (2) reasons why celebrities often went broke from the article you read
Going bankrupt, getting sued, debt (credit card/ mortgage), not able to pay bills, general financial mismanagement, etc.
Give a positive example of the "moral/ethics/values" factor
[Answers will vary, at Mr. Haller discretion]
Describe the steps of weighting a PACED chart
Rank the criteria, decide which alternative is the best, add up the rows, make a decision.
The Cincinnati Bengals played this team the first two times that they went to the Super Bowl (1981 & 1988)
San Francisco 49ers
What element of a SMART goal is this missing?
"I will save up $1,000 from mowing lawns around my neighborhood to purchase the newest Samsung S22 Ultra."
Missing "time-bound"
"I will save up $1,000 from mowing lawns around my neighborhood to purchase the newest Samsung S22 Ultra before September"
What do all letters of PACED stand for?
Problem, Alternatives, Criteria, Evaluate, Decide