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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
you should make your goals challenging yet attainable
C
your goals should have time limits
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 can start giving your time, money, or talents right now
B
if you are considering tutoring or giving lessons, you should first have a college degree
C
you should wait and see what your friends are willing to give
D
you should first have a large income
4) When applying for a job you should,
A
present yourself well
B
all of these
C
provide a resume and cover letter
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
all charitable organizations qualify for a charitable contribution deduction
C
a contribution to a qualified charity is deductible in the year in which it is paid
D
you should document your charitable contributions for tax purposes
6) Your budget should include all of the following except
A
lending money to friends
B
giving
C
saving
D
spending
7) Which of the following is a way that giving to others can benefit you
A
giving can help build relationships
B
all the answers
C
sacrificing your money, time, and talents creates a legacy
D
giving to others can give you a sense of purpose and fulfillment
8) Your primary motivation for giving should be
A
whether or not your friends are doing it
B
tax deduction
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
save a $500 emergency fund
B
build your credit
C
pay cash for your car
D
build wealth and give
10) Which of the following should be a consideration when selecting a nonprofit to which you would like to contribute
A
how well the organization is run
B
your values and beliefs
C
the charity's commitment to accountability and transparency
D
all of the answers
*select an answer for all questions
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