aidemia--modules-discussion_request	Give a list of questions for discussing during a class
Which subject	Business
What age group	Year or Grade 10
What topic	Financial decision making
Quantity	3
Hints to each question
Any other preferences

Class Discussion Questions on Financial Decision Making

Question 1: Budgeting Basics

How does effective budgeting impact personal and business financial decision making?

In your response, consider the following:

• What are the key components of a budget?
• How can poor budgeting lead to financial difficulties?
• Discuss how businesses and individuals can adjust their budgets in response to unexpected financial changes.

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Question 2: The Role of Credit

What are the advantages and disadvantages of using credit for financial decision making?

In your response, think about these points:

• How does credit influence spending behavior?
• What are the potential long-term effects of relying on credit?
• Can you provide examples of when using credit might be beneficial for both individuals and businesses?

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Question 3: Risk vs. Reward

How do businesses assess risk when making financial decisions, and why is it important to balance risk and reward?

In your response, explore:

• What are some common financial risks that businesses face?
• Discuss different strategies businesses can use to mitigate these risks.
• Why is it essential to understand the potential rewards associated with taking financial risks?

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Feel free to expand on these questions and provide real-world examples to enhance your discussion!