Final answer:
When confronting a flashing yellow traffic signal, the appropriate response is to slow down and proceed with caution, staying alert for potential hazards.
Step-by-step explanation:
When you see a flashing yellow traffic signal at an intersection, the correct action to take is to Slow down and proceed with caution. This type of signal is warning you that there are potential hazards ahead, such as pedestrians crossing or an intersection where accidents have happened frequently. It is not an indicator for you to stop completely, speed up, or find an alternate route, but rather to be more alert and prepared to stop if necessary. It's a signal that there's a need to be prepared for changing conditions or unexpected events.