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Decision Making Vocabulary Words

Terms in this set (20)

Alternatives
Options to be considered when making a decision
Trade-off
The giving of one thing for another
Compliance
decision-making strategy in which you hand over control or let someone else make the decision
Decision
A choice or a judgment
Agony
decision-making strategy in which you consider every detail of each option over and over again
Decision-Making Process
The seven-step guide to aid us in making decisions.
Opportunity Cost
the value of the benefits of the next best alternative that could have been chosen, but was not
Escape
decision-making strategy in which you avoid a decision or make up an answer to deflect an injury
Implement
To put a plan into action
Delayed Gratification
A willingness to give up something now in return for something later.
Impulse
decision making strategy in which you go with your first reaction
Career Decision
Decision that affects your career choice or options
Instant Gratification
unwillingness to give up something now in return for something later
Personal Decisions
Choices that affect you personally
Work Decisions
Decisions that affect your job
Procrastination
decision-making strategy in which you delay making the decision until you are "forced" to make it
Routine Decision
A decision made often
Play-it-safe
decision-making strategy in which you choose the alternative with the lowest risk
Self-image
Conception one has of oneself, including an assessment of qualities and personal worth
Values
Principle, standard or quality considered worthwhile or desirable
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