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Personal Finanace 1.02 Game 2
Test Description: Personal Finanace 1.02 game 2
Instructions: Answer all questions to get your test result.
1) Mandy researched the male/female ratios to help her select a college. She decided on the one with the largest male-to-female ratioWhich type of factor MOST LIKELY influenced Mandy?
A
Social
B
Demography
C
The Marketplace
D
Cultural
2) At the end of her freshman year of college, Vera thought about the decision she had made to go to a state-supported school and it was a smart choice.Which step in decision making:
A
Identify the pros and cons of each option
B
Evaluate the outcomes of the decision
C
Put the decision into action
D
Choose the best option
3) A family member who is employed, another who has been laid off, and two children in college. They decided to plant a vegetables to save money on food. Which factor influenced them
A
legal
B
family
C
cultural
D
technology
4) Mr. Matthews bought the first box of candy he saw for his wife's birthday. This illustrates a decision made:
A
from habit
B
with options in mind
C
by following logical steps.
D
on impulse
5) Which is the BEST example of family needs influencing financial decisions? The Martin family decided to spend their emergency savings on:
A
helping the soup kitchen where they volunteer replace their broken stove.
B
taking a cruise with Mrs. Martin's sister's family.
C
surround sound for their new media room like their neighbors have.
D
paying bills while Mr. Martin is laid off.
6) Sarah's concern over the rate of inflation caused her to set a goal to reduce the amount of money she spends on impulse purchases. Which type of factor MOST LIKELY influenced Sarah
A
social
B
technology
C
cultural
D
economic
7) Which is the BEST example of wants influencing financial decisions? The Barton family decided to spend their tax refund to:
A
keep up with their neighbors by buying a new big-screen television
B
take a trip they had longed for since their children had grown out of diapers.
C
make a large donation to a favorite charity that was very important to them.
D
repair their leaky roof
8) After he made up his mind to quit his job, Mr. Johnson wrote his letter of resignation with no difficulty. Which step in decision-making is this?
A
Identify the pros and cons of each option
B
Put the decision into action
C
Identify the options
D
Identify resources and gather information
9) Mrs. Dunn always goes to the cleaners around the corner from her job. This illustrates a decision made:
A
by following logical steps.
B
on impulse.
C
with options in mind
D
from habit
10) Ted earns $250 a week from his part-time job. His goal is to save $150 each month to go on a vacation. Which phrase BEST describes this goal?
A
Measureable and time-bound
B
Measurable, but not time-bound
C
Attainable, but not measurable
D
Specific, but not measurable
*select an answer for all questions
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