Time Management Pre-test (Financial Planning Lesson 1.01)

1. Which of the following is an accurate statement about the use of time:

• Time is a precious commodity

• Time is elastic and can be expanded.

• Time is used the same way by everyone.

• Time is a free resource of little value.

2 The essence of time management is to

• control events in order to accomplish priorities.

• eliminate the need to prioritize activities.

• focus on spreading work over a period of time.

• set a fixed schedule and follow it.

Time management helps to reduce stress because it

• allows adequate time for personal and professional activities.

• provides less time for rest and relaxation.

• encourages procrastination in planning necessary activities.

• increases feelings of pressure and tension.

When businesspeople refer to "free" time during working hours, they mean time

• left when jobs are done

• marked "free" on the schedule.

• they can use for recreation.

• for which they're not paid.

The attitude "There is always another day" is best described as

• procrastination.

• prioritization.

• organization.

• delegation.

Rob wrote down the following information: 1. Finish research paper Tuesday, and 2. Call for dental appointment. What time-management approach did Rob use?

• Setting objectives

• Delegating activities to others

• Using free time

• Identifying time wasters

A daily list of activities to be completed is referred to as a __________ list.

• to-do

• master

• work

• goal

A time-management principle that you might consider applying when working on a major project is

• breaking large tasks into smaller ones.

• setting a time limit for the project.

• reorganizing your desk.

• stopping periodically to review progress.

A technique that will help you to complete your most important tasks is to

• prioritize everything that needs to be done.

• do all nonessential jobs first.

• vary your activities each day.

• A. do each job assignment as quickly as possible.

A time plan for carrying out personal or business activities is referred to as

• schedule.

• statement

• budget.

• program.