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PF 7.00 - Giving
Test Description: Giving
Instructions: Answer all questions to get your test result.
1) Advocacy is
A
The act or process of writing or speaking out in favor of or about a cause
B
When someone is investigated by the Internal Revenue Service (IRS)
C
A situation in which two people argue against a policy
D
A wish list developed by non‐profit organizations
2) Healthy giving occurs when:
A
Someone decides to write a check for another
B
Occurs when the well‐being of only the receiver is affected
C
An individual wants to give back and the result is positive emotions for both the giver and receiver
D
Someone with limited resources gives all they have to make another happy
3) If the resulted emotion of giving includes resentment, guilt or anger the giving would be considered
A
Egotistical
B
Passive
C
Selfish
D
Unhealthy
4) Planned giving can occur through:
A
Estate planning activities
B
Paycheck deductions for retirement accounts
C
Buying Girl Scout Cookies on your way out of the grocery store
D
Pulling over to help someone with car trouble
5) What is the most appropriate type of giving at the following life cycle stages?
A
All of these qualify as appropriate types of giving during the life cycle stages
B
A CEO of a company suggests that his employees “go paperless” and not print out quarterly reports
C
School children host a book fair and donate sales to the March of Dimes
D
A grandparent “gifts” a plot of land to a hospital in the name of their grandchild
6) Which of the following is not considered a form of giving?
A
Spending an afternoon cleaning up an abandoned park in your hometown
B
A monetary donation to a charitable cause
C
Reading about the storm victims of Hurricane Katrina
D
Donating material goods to a campaign
7) Caitlyn’s parents were rushing off to a meeting to get some help planning their estate. When Caitlyn asked who they were meeting with, her parents likely told her they were going to the office of: (
A
a Certified Financial Planner
B
Any of these
C
An Accountant
D
An Attorney
8) Which of the following is NOT considered a positive outcome of estate planning?
A
Ability to decrease time, effort and dollar costs incurred by survivors
B
Ability to increase time, effort and dollar costs incurred by survivors
C
Ability to leave a legacy with gifts to others including family, organizations, or institutions
D
Ability to provide for loved ones after you are gone
9) Which of the following is NOT considered part of the steps of Estate Planning?
A
Family information
B
Goal setting
C
Selling off assets
D
Legal and tax analysis
10) Which of the following questions does NOT represent a topic teens should ask parents and guardians about Estate Planning?
A
Do you have a life insurance policy?
B
How much money do you have in your checking account?
C
Have you written a will? Is it recorded?
D
Who would take care of me if something happened to you?
11) Which of the following statements would be true in most states:
A
Teens under the age of 18 may not accompany their parent/guardian to an attorney’s office
B
Teens under the age of 18 may not write their own will
C
Teens under the age of 18 may be named an executor of a will
D
Teens under the age of 18 may write their own will but it may not be a legal document
*select an answer for all questions
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