Question

Discuss a scenario in your life where you had to choose between two different alternatives. List the financial as well as the nonfinancial implications of each choices. What did you decide? Why?

Answer 1

I had to choose between whether to do a job or whether to to start my own business and I decided against doing a job because it would have absorbed my time and it would also have observed my independence and my thinking capability so I decided against doing a job and I opted for my own business and that is helping me to explore new ideas and hopefully I will succeed.

Their various financial reasons for going against job-

A. I went against the job because it was offering me not enough of salary according to my capability

B.it was also killing my time as well and I think time is a financial thing rather than a non financial thing

C it was also costing me to switch to another city and that would have reduced my overall income.

Non-financial factors that I have considered are as follows-

A. It would have not left me with much independence in my life and I would have been observed with my all time

B. Thinking capability was also limited because I was assigned with the role which i didn't like

C dealing with unnecessary stress in my life because of completion of work oon time