Personal Finance: Goals Quiz Question Preview (ID: 31951)


Unit 1. TEACHERS: click here for quick copy question ID numbers.

If you buy an XBOX One instead of a Playstation 4 the opportunity cost of your decision is
a) The XBOX
b) The Playstation
c) A Wii U
d) A new phone

Giving something up to obtain something else you want i called
a) Sacrifice cost
b) Opportunity cost
c) Monetary cost
d) True cost

The timing of a long term goal is
a) Longer than five years
b) Longer than one year
c) Longer than ten years
d) Longer than 15 years

The timing of a medium term goal is
a) Less than one year
b) One to three years
c) Five to ten years
d) Five to 15 years

The timing of a short term goal is
a) Less than one year
b) Less than one week
c) Less than one month
d) Less than 24 hours

The T in a SMART goal stands for
a) Tempting
b) Tepid
c) True
d) Timely

The R in a SMART goal stands for
a) Risky
b) Rounded
c) Rotate
d) Realistic

The A in a SMART goal stands for
a) Achieveable
b) Acountable
c) Assessable
d) Applicable

The S in a SMART goal stands for
a) Silly
b) Smart
c) Specific
d) Short Term

The M in a SMART goal stands for
a) Measurable
b) Marketable
c) Miserable
d) Marginal

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