Take Change Of Your Financial Well Being Unit Multiple Choice Test Bank

Front 1

Which of the following statements about our interactions with money is NOT considered to be true?

Back 1

Investment increase risk and reduces your ability to cope with risk and uncertainty.

Front 2

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 ?

Back 2

An activity that make him lose track of time .

Front 3

Jenna wants to improve her financial well-being. which of the following would contribute the most to her financial well-being?

Back 3

Take a personal financial class to learn how to manage her money.

Front 4

Jocob is wondering how he can improve his intellectual well-being. which of the following would contribute the most to his intellectual well-being?

Back 4

challenge himself by taking on a new project at work.

Front 5

Sylas is studying financial planning in one of his classes . his assigned him to create a timeline of his financial future. here should the end of his financial planning timeline be set?

Back 5

Never-it is an ongoing process

Front 6

Erica wants her class project to reflect her values. which items would be best to include?

Back 6

Things that are reflect her fundamental beliefs about what is worthwhile and important to her .

Front 7

which of the following is likely to have the least influence on an individual's values?

Back 7

Grade average

Front 8

which of the following factors is not influenced by values?

Back 8

Everything is influenced by values

Front 9

Megan's mother suggested that she was experiencing the consequences of her trade off regarding a decision she made to purchase a dress for porm. which situation does megan most likely find herself in for her mother to have made this comment?

Back 9

Megan had shopped at several stores what she found the pro dress of the dreams and purchase it. she used the money she had saved for the prom dress PLUS most of the money she had saved for replacing the tires in her car. now the tires need replacing megan is short on the cash needed to do the job.

Front 10

Ian has been shopping for a different vehicle for the past several months.he need something reliable and would really like something with a nice sound system .he ans=d 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 a trade-off regarding which car to purchase. which situation best represents what he might be thing through?

Back 10

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

Front 11

Whitney is shopping with her mom and they are deciding on clothing to purchase.Which scenario BEST represents the purchase of a NEED?

Back 11

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 the logo f the leadership conference on it. her mother thinks she needs to purchase something more appropriate.

Front 12

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?

Back 12

Short-term goal

Front 13

One element of a financial goal is missing in the example below. which one is it? "i will save$150 each month to go on a vacation in one year

Back 13

Attainable

Front 14

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?

Back 14

Long-term

Front 15

Amber's academic adviser has asked her to set 3 academic goals are MOST LIKELY to be accomplished if?

Back 15

Amber's writes her goals down