| A | B |
|---|
| Benefits | Something that is favorable to the decision maker. |
| Choice | The best or most preferable alternative. |
| Consequences | Something that logically or naturally follows from a choice made. |
| Costs | A sacrifice, loss, or penalty to acquire, produce, accomplish, or maintain anything. |
| Opportunity cost | The value of your next best alternative whenever you make a choice. |
| Self-interest | Consideration only for one's own aims and advantages |
| Needs | The ingredients for making for maintaining physical life, including food and water, shelter, and clothing. |
| Values | The ideals or principles in life that are important to you and in which you base decisions on. |
| Wants | Something desired but not a necessity. |
| Alternatives | Options to choose from in making a decision |
| Entrepreneurs | Working for oneself versus an employer. |
| Human capital | The knowledge and skills that make a person productive. |
| Lifestyle | The way people choose to live their lives based on the values they have chosen. |
| Productivity | A measure of one’s output or accomplishments per hour worked. |
| Resources | Things that can be used for help and support. |
