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Personal Finance: Goals Quiz
Test Description: Unit 1
Instructions: Answer all questions to get your test result.
1) The S in a SMART goal stands for
A
Specific
B
Short Term
C
Smart
D
Silly
2) The M in a SMART goal stands for
A
Measurable
B
Marketable
C
Marginal
D
Miserable
3) The A in a SMART goal stands for
A
Applicable
B
Acountable
C
Achieveable
D
Assessable
4) The R in a SMART goal stands for
A
Risky
B
Rotate
C
Realistic
D
Rounded
5) The T in a SMART goal stands for
A
Tempting
B
Timely
C
Tepid
D
True
6) The timing of a short term goal is
A
Less than one year
B
Less than one week
C
Less than 24 hours
D
Less than one month
7) The timing of a medium term goal is
A
Five to ten years
B
One to three years
C
Less than one year
D
Five to 15 years
8) The timing of a long term goal is
A
Longer than five years
B
Longer than ten years
C
Longer than 15 years
D
Longer than one year
9) Giving something up to obtain something else you want i called
A
True cost
B
Monetary cost
C
Sacrifice cost
D
Opportunity cost
10) If you buy an XBOX One instead of a Playstation 4 the opportunity cost of your decision is
A
The XBOX
B
A Wii U
C
A new phone
D
The Playstation
*select an answer for all questions
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