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Personal Finanace 1.02 Game 1
Test Description: Personal Finanace 1.02 game 1
Instructions: Answer all questions to get your test result.
1) Sabrina saw a scrapbooking kit on a TV shopping network and decided immediately to call in an order. Which type of factor MOST LIKELY influenced Sabrina's decision?
A
economic
B
media
C
cultural
D
legal
2) Since his Bar Mitvah, Ben wears a skull cap at both synagogue and high school. Which type of factor MOST LIKELY influenced Ben's decision?
A
cultural
B
technology
C
media
D
social
3) Ted earns $250 a week from his part-time job. His goal is to save $150 each month to go on a vacation. Which phrase BEST describes this goal?
A
Attainable, but not measurable
B
Specific, but not measurable
C
Measurable, but not time-bound
D
Measureable and time-bound
4) Mrs. Dunn always goes to the cleaners around the corner from her job. This illustrates a decision made:
A
with options in mind
B
by following logical steps
C
from habit
D
on impulse.
5) Since she did not approve of slaughtering animals for their fur, Hilton decided not to purchase a coat with a natural fur collar. Which type of factor MOST LIKELY influenced Hilton
A
moral
B
technology
C
legal
D
economic
6) Mark's car won't start. He checked an online manual, looked at his bank balance, and asked a mechanic, if he could teach him to make needed repairs, What step in decision-making:
A
Identify the decision to be made
B
Identify the options
C
Identify resources and gather information
D
Identify the pros and cons of each option
7) Mary's goal is to put aside money for Christmas presents from May until December. Which phrase BEST describes this goal?
A
Time-bound, but not measurable
B
Attainable and measurable
C
Time-bound, but not realistic
D
Realistic, but not time-bound
8) Which is the BEST example of standards influencing financial decisions? The Darden family decided to spend their tax refund to:
A
keep up with their neighbors by buying a new big-screen television.
B
make a large donation to a favorite charity that was very important to them
C
repair their leaky roof
D
make a large donation to a favorite charity that was very important to them
9) Matt's goal is to save his pocket money to buy a used CD player from his cousin who has just bought a new player. Which phrase BEST describes this goal?
A
Measurable, but not time-bound
B
Time-bound, but not measurable
C
Not measurable and not time-bound
D
Measurable and time-bound
10) Which is the BEST example of a family value of helping others influencing financial decisions? The Sigmon family decided to spend their emergency savings on:
A
paying the mortgage while Mr. Sigmon is laid off.
B
taking a cruise with Mrs. Sigmon's sister's family.
C
surround sound for their new media room like their neighbors have.
D
a new stove for the soup kitchen where they volunteer.
*select an answer for all questions
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