MM 11-12 MC 46-55 Question Preview (ID: 22875)
Multiple Choice 46-55 For Ch. 11-12 Test.
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Giving should be
a) first in your budget
b) only budgeted for if you make a lot of money
c) at the end of your budget if you have money leftover
d) only budgeted if you come across unexpected money
Which of the following statements about goal setting is false?
a) 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
b) you should share your goals with people closest to you
c) your goals should have time limits
d) you should make your goals challenging yet attainable
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
When applying for a job you should,
a) follow up with the employer
b) provide a resume and cover letter
c) present yourself well
d) all of these
Which of the following statements is false
a) all charitable organizations qualify for a charitable contribution deduction
b) a gift to a qualified charitable organization may entitle you to a tax 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
Your budget should include all of the following except
a) lending money to friends
b) spending
c) giving
d) saving
Which of the following is a way that giving to others can benefit you
a) all the answers
b) sacrificing your money, time, and talents creates a legacy
c) giving can help build relationships
d) giving to others can give you a sense of purpose and fulfillment
Your primary motivation for giving should be
a) the simple desire to help others
b) tax deduction
c) what others will think of you
d) whether or not your friends are doing it
Which of the following is not one of the Five Foundations
a) save a $500 emergency fund
b) build wealth and give
c) pay cash for your car
d) build your credit
Which of the following should be a consideration when selecting a nonprofit to which you would like to contribute
a) all of the answers
b) your values and beliefs
c) how well the organization is run
d) the charity's commitment to accountability and transparency
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