What are the keys to a successful control system? Think of the parenting techniques your parents or guardians used in raising you. Did they apply these principles? How could they have done so more effectively?
What will be an ideal response?
Successful control systems are:
Strategic and results oriented.
Timely, accurate, and objective.
Realistic, positive, and understandable, and encourage self-control.
Flexible.
The student should then explain how a parent can use these principles to succeed in raising children, with reference to his or her own experience.
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Indicate whether the statement is true or false
In the two-period model, suppose a household's income in the first period is $30,000, income in the second period is $60,000, and the real interest rate is 30 percent. What is the household's maximum spending in the second period, if it decides to save the entire amount in the first period?
A. $40,000 B. $50,000 C. $80,000 D. $99,000
The benefits sacrificed when one alternative is chosen over another are referred to as:
A. Sacrificial costs. B. Beneficial costs. C. Avoidable costs. D. Opportunity costs.
Stress can be revealed in three ways EXCEPT:
A. Psychological B. behavioral C. physiological D. economical