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MM 11-12 MC 46-55
Test Description: Multiple Choice 46-55 for Ch. 11-12 Test
Instructions: Answer all questions to get your test result.
1) Giving should be
A
first in your budget
B
only budgeted if you come across unexpected money
C
only budgeted for if you make a lot of money
D
at the end of your budget if you have money leftover
2) Which of the following statements about goal setting is false?
A
you should share your goals with people closest to you
B
your goals should have time limits
C
you should make your goals challenging yet attainable
D
once you've written your goals down, you should put the list away and check it in a year to see if you've achieved them
3) When considering donating to a charity
A
you should wait and see what your friends are willing to give
B
if you are considering tutoring or giving lessons, you should first have a college degree
C
you should first have a large income
D
you can start giving your time, money, or talents right now
4) When applying for a job you should,
A
all of these
B
provide a resume and cover letter
C
present yourself well
D
follow up with the employer
5) Which of the following statements is false
A
a gift to a qualified charitable organization may entitle you to a tax deduction
B
you should document your charitable contributions for tax purposes
C
all charitable organizations qualify for a charitable contribution deduction
D
a contribution to a qualified charity is deductible in the year in which it is paid
6) Your budget should include all of the following except
A
lending money to friends
B
saving
C
giving
D
spending
7) Which of the following is a way that giving to others can benefit you
A
all the answers
B
giving to others can give you a sense of purpose and fulfillment
C
giving can help build relationships
D
sacrificing your money, time, and talents creates a legacy
8) Your primary motivation for giving should be
A
tax deduction
B
whether or not your friends are doing it
C
the simple desire to help others
D
what others will think of you
9) Which of the following is not one of the Five Foundations
A
pay cash for your car
B
save a $500 emergency fund
C
build wealth and give
D
build your credit
10) Which of the following should be a consideration when selecting a nonprofit to which you would like to contribute
A
the charity's commitment to accountability and transparency
B
how well the organization is run
C
all of the answers
D
your values and beliefs
*select an answer for all questions
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