PF 7.00 - Giving Question Preview (ID: 34153)


Giving. TEACHERS: click here for quick copy question ID numbers.

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 wish list developed by non‐profit organizations
d) A situation in which two people argue against a policy

Healthy giving occurs when:
a) An individual wants to give back and the result is positive emotions for both the giver and receiver
b) Someone decides to write a check for another
c) Occurs when the well‐being of only the receiver is affected
d) Someone with limited resources gives all they have to make another happy

If the resulted emotion of giving includes resentment, guilt or anger the giving would be considered
a) Unhealthy
b) Passive
c) Egotistical
d) Selfish

Planned giving can occur through:
a) Estate planning activities
b) Buying Girl Scout Cookies on your way out of the grocery store
c) Paycheck deductions for retirement accounts
d) Pulling over to help someone with car trouble

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 grandparent “gifts” a plot of land to a hospital in the name of their grandchild
c) A CEO of a company suggests that his employees “go paperless” and not print out quarterly reports
d) School children host a book fair and donate sales to the March of Dimes

Which of the following is not considered a form of giving?
a) Reading about the storm victims of Hurricane Katrina
b) A monetary donation to a charitable cause
c) Spending an afternoon cleaning up an abandoned park in your hometown
d) Donating material goods to a campaign

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) An Accountant
c) An Attorney
d) Any of these

Which of the following is NOT considered a positive outcome of estate planning?
a) Ability to increase time, effort and dollar costs incurred by survivors
b) Ability to decrease time, effort and dollar costs incurred by survivors
c) Ability to provide for loved ones after you are gone
d) Ability to leave a legacy with gifts to others including family, organizations, or institutions

Which of the following is NOT considered part of the steps of Estate Planning?
a) Selling off assets
b) Legal and tax analysis
c) Family information
d) Goal setting

Which of the following questions does NOT represent a topic teens should ask parents and guardians about Estate Planning?
a) How much money do you have in your checking account?
b) Do you have a life insurance policy?
c) Who would take care of me if something happened to you?
d) Have you written a will? Is it recorded?

Which of the following statements would be true in most states:
a) Teens under the age of 18 may not write their own will
b) Teens under the age of 18 may write their own will but it may not be a legal document
c) Teens under the age of 18 may be named an executor of a will
d) Teens under the age of 18 may not accompany their parent/guardian to an attorney’s office

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