Personal Finance: Goals Quiz Question Preview (ID: 31951)


Unit 1. TEACHERS: click here for quick copy question ID numbers.

The S in a SMART goal stands for
a) Silly
b) Smart
c) Specific
d) Short Term

The M in a SMART goal stands for
a) Measurable
b) Marketable
c) Miserable
d) Marginal

The A in a SMART goal stands for
a) Achieveable
b) Acountable
c) Assessable
d) Applicable

The R in a SMART goal stands for
a) Risky
b) Rounded
c) Rotate
d) Realistic

The T in a SMART goal stands for
a) Tempting
b) Tepid
c) True
d) Timely

The timing of a short term goal is
a) Less than one year
b) Less than one week
c) Less than one month
d) Less than 24 hours

The timing of a medium term goal is
a) Less than one year
b) One to three years
c) Five to ten years
d) Five to 15 years

The timing of a long term goal is
a) Longer than five years
b) Longer than one year
c) Longer than ten years
d) Longer than 15 years

Giving something up to obtain something else you want i called
a) Sacrifice cost
b) Opportunity cost
c) Monetary cost
d) True cost

If you buy an XBOX One instead of a Playstation 4 the opportunity cost of your decision is
a) The XBOX
b) The Playstation
c) A Wii U
d) A new phone

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