Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Personal Finance - Objective 1.03
Test Description: Personal Finance - Objective 1.03
Instructions: Answer all questions to get your test result.
1) Kaylee will save her allowance of $25 per month to purchase a $150 mp3 player in six months. This is an example of what type of goal?
A
Short term
B
Long term
C
This is not a goal
D
Mid term
2) One element of a financial goal is missing in the example below. Which one is it? I will save $150 each month to go on a vacation in one year.
A
Attainable
B
Specific
C
Time Bound
D
Measurable
3) Mark and Susan, a recently married couple with full-time jobs, set a goal of putting $200 in savings each month to make a down payment on a home in five year. What type of goal have they set?
A
Intermediate
B
Long term
C
Unrealistic
D
Short term
4) Amber's academic advisor asked her to set 3 academic goals for this semester. These goals are MOST LIKELY tobe accomplished if:
A
Amber discusses her goals with her parents
B
Amber thinks about her goals weekly
C
Amber lets her friends set her goals
D
Amber writes her goals down
5) Specific objectives that are accomplished through financial planning
A
Financial goals
B
Short term goals
C
Long term goals
D
Financial planning
6) Managing money continuously through life in order to reach your financial goals
A
Financial planning
B
Financial goals
C
Trade off
D
Long term goals
7) Something a person intends to acquire, achieve, or accomplish in the future
A
Goal
B
Long term goal
C
Financial goal
D
Short term goal
8) A goal that will be attained in more than one year
A
Financial planning
B
Financial goal
C
Short term goal
D
Long term goal
9) The value of the next best alternative that must be forgone as a result of a decision
A
Financial planning
B
Goal
C
Opportunity cost
D
Trade off
10) Giving up one thing for another
A
Trade off
B
Goal
C
Financial planning
D
Opportunity cost
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?