Chapter 3 Financial Planning Review
Authored by Laura Dario
Other
10th - 12th Grade
CCSS covered
Used 1+ times
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27 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is known as purchasing an item on a whim?
Impulse
Fixed
Flexible
Online purchase
Tags
CCSS.RL.5.6
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first step of the decision making process?
Evaluating the decision
Identify the decision
Identify resources
Identify options
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best describes a budget?
A financial tool for consumers with little money
A plan for saving and spending money
A set of restrictions on how to spend money
A statement of your assets and liabilities
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of a balance sheet?
To determine your budget
To determine your income
To determine your credit card debt
To determine your net worth
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is known as something you own.
Liabilities
Assets
Net worth
Gross income
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is known as something you owe.
Assets
Liabilities
Identity theft
Budgeting
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an example of assets?
Paid off house
house mortgage
credit card debt
student loans
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