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15 Cards in this Set
- Front
- Back
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which of the following statements about our interactions with money is not considered to be true? |
D. investment increases risk and reduces your ability to cope with risk and uncertainty. |
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carter wants to participate in an activity that will improve his well-being. which of the following activities would contribute the most to his well-being? |
D. an activity that makes him lose track of time. |
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jenna wants to improve her well-being. which of the following would contribute the most to her financial well-being? |
A. take a personal finance class to learn how to manage her money. |
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jacob is wondering how he can improve his intellectual well-being. which of the following would contribute the most to his intellectual well-being? |
B. challenge himself by taking on a new project at work. |
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sylas is studying financial planning in one of his classes. his teacher has assigned him to create a timeline of his financial future. where should the end of his financial planning timeline be set? |
D. never- it is an ongoing process. |
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Erica wants her class project to reflect her values. which items would be best to include? |
C. things that reflect her fundamental beleifs about what is worthwhile and important to her. |
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which of the following is likely to have the least influence on an individuals values? |
D. grade average |
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which of the following factors is not influenced by values? |
A. everything is influenced by values. |
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megans mother suggested that she was experimenting the consequences of her trade-off regarding a decision she made to purchase a dress for prom. which situation does megan most likely find herself in for her mother to have made this comment? |
A. megan had shopped at several stores when she found the prom dress of her dreams and purchased it. she used the money she saved for the prom dress plus most of the money she had saved for replacing the tires on her car. now the tires need replacing and megan is short on the cash needed for the job. |
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ian has been shopping for a different vehicle for the past several months. he needs something reliable and would really like something with a nice sound system. he and his parents have talked about how much he can afford and he plans to stay within the price guidelines he and his family have set. ian was analyzing the opportunity cost of trade-off regarding which car to purchase. which situation best represents what he might be thinking through? |
B. ian has found two different cars at a local dealership that meet his needs. the first car has a better sound system than the other. the second car has 20,000 fewer miles on it. |
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whitney is shopping with her mom and they are deciding on clothing to purchase. which scenario best represents the purchase of a need? |
B. whitney has been selected to attend a national leadership conference and has been instructed that she will need to dress 'professionally' for one of the tours. she plans to wear her new jeans and a t-shirt that has the logo of the leadership conference on it. her mother thinks she needs to purchase something more appropriate. |
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kaylee will save her allowance of $25 per month to purchase a $150 mp3 player in six months. this is an example of what type of goal? |
A. short-term goal |
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one element of a financial goal is missing in in the example below. which one is it? " i will save $150 each month to go on a vacation in one year." |
C. attainable |
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mark and susan, a recently married couple with full-time jobs, set a goal of putting $200 in savings every month to make a down payment on a home in five years. what type of goal have they set? |
C. long-term goal |
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amber's academic advisor has asked her to set 3 academic goals for this semester. these goals are most likely to be accomplished if: |
C. amber writes her goals down. |
