POBF 3.0

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?

• Long-term

• Short-term

• Intermediate

• Unrealistic

Amber's academic adviser has asked her to set 3 academic goals for this semester. These goals are MOST LIKELY to be accomplished if:

• Amber discusses her goals with her parents

• Amber lets her friends set her goals

• Amber thinks about her goals weekly

• Amber writes her goals down.

One element of a SMART 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."

• Specific

• Timebound

• Attainable

• Measureable

Kaylee will save her allowance of $25 per month to purchase a $150 mp3 player in six months. This is an example of which type of goal?

• Long-term goal

• Short-term goal

• Mid-term goal

• This is not an example of a goal

I plan to save $1,500 to buy a used car by saving $75 from each paycheck. Which part of a SMART goal is the goal missing?

• Time bound

• Attainable

• Realistic

• Measureable

Herbie is in charge of the company's potluck picnic. He doesn't need help deciding who to invite. It is a company picnic, so you invite the employees. This is an example of what type of decision?

• Minimum input

• Moderate input

• Maximum input

• Video input

Herbie is in charge of the company's potluck picnic. He needs to decide where to hold the picnic. He thinks it may be helpful to ask the employee steering committee. This is an example of what type of decision?

• Minimum input

• Maximum input

• Moderate input

• Audio input

Herbie is in charge of the company's potluck picnic. Since it is a potluck, he needs input from the entire group to coordinate who is bringing what. This is an example of what type of decision?

• Moderate input

• Maximum input

• Minimum input

• Modern input

This type of innovation occurs when a business either creates or improves a product.

• Product innovation

• Process innovation

• Position innovation

• Paradigm innovation

This type of innovation occurs when a business changes how something is done.

• Position innovation

• Paradigm innovation

• Product innovation

• Process innovation