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Personal Finance
Test Description: Personal Finance 7.01
Instructions: Answer all questions to get your test result.
1) Advocacy is:
A
A situation in which two people argue against a policy
B
When someone is audited by the Internal Revenue Service (IRS)
C
A wish list developed by non‐profit organizations
D
The act or process of writing or speaking out in favor of or about a cause
2) Healthy giving occurs when:
A
Someone with limited resources gives all they have to make another happy
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 decides to write a check for another
3) Which of the following is not considered a form of giving?
A
A monetary donation to a charitable cause
B
Spending an afternoon cleaning up an abandoned park in your hometown
C
Donating material goods to a campaign
D
Reading about the storm victims of Hurricane Katrina
4) Planned giving can occur through:
A
Buying Girl Scout Cookies on your way out of the grocery store
B
Estate planning activities
C
Pulling over to help someone with car trouble
D
Paycheck deductions for retirement accounts
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) If the resulted emotion of giving includes resentment, guilt or anger the giving would be considered:
A
Selfish
B
Unhealthy
C
Passive
D
Egotistical
7) What is the name of this course?
A
Personal Finance
B
How to make money
C
Stock Market Game
D
Whose Who
8) What question number is this?
A
7
B
8
C
4
D
6
9) What is your class's room number?
A
McDunold 34
B
You have to know the answer is A by now...Don't you?
C
McYD's 34
D
M-34
10) What is your teacher's middle name?
A
F
B
Eziekial
C
Preston
D
Mohammed
*select an answer for all questions
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