Question

A decision-making grid is a visual way of _____.. A. making marginal decisions. B. examining opportunity costs. C. identifying shortages. D. selling goods or services.

Answer 1

Examining opportunity cost examining opportunity costs. Option B is correct.

The Decision Making Grid (DMG) is a tool created and implemented in an attempt to help students make wise decisions in a range of contexts. The tool is used to help students make financial decisions: ‘the best choices at the least cost’.

Teachers can apply the DMG with students in several decision-making activities such as: choosing a school trip related to a unit of work being undertaken; choosing a theme for a class event, etc

Answer 2

A decision making grid is a visual way of examining opportunity costs.The correct answer is B.