Dave Ramsey - Chapter 7
Authored by Renae Noble
Mathematics
12th Grade
CCSS covered
Used 34+ times
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This quiz covers personal finance fundamentals with a specific focus on smart purchasing strategies and consumer awareness, making it appropriate for 12th-grade students in a financial literacy or consumer mathematics course. The questions assess students' understanding of negotiation tactics, bargaining power dynamics, and various purchasing venues including garage sales, estate sales, auctions, and foreclosures. Students need to grasp the psychological and practical aspects of money management, including concepts like "walk-away power," the advantages of cash transactions, and the relationship between patience and securing better deals. The material also requires comprehension of business terminology such as markup, retail versus wholesale pricing, opportunity cost, and cost-benefit analysis. To succeed on this assessment, students must understand how emotional attachment to purchases weakens bargaining position, recognize different types of sales venues and their characteristics, and apply critical thinking skills to evaluate advertising tactics and their persuasive intent. Created by Renae Noble, a Mathematics teacher in the US who teaches grade 12. This quiz serves as an excellent formative assessment tool following instruction on Dave Ramsey's financial literacy curriculum, particularly Chapter 7 content focusing on consumer purchasing strategies. Teachers can effectively use this quiz as a warm-up activity to reinforce previous lessons, assign it as homework to solidify understanding of key terminology and concepts, or implement it as a review tool before summative assessments. The varied question formats, including fill-in-the-blank, true/false, and multiple choice items, make it versatile for both individual practice and small group discussions about real-world financial decision-making. This assessment directly supports Common Core Mathematics Standards 8.EE.B.5 and A-CED.A.3 by requiring students to interpret relationships between quantities and create equations to solve problems in financial contexts, while also aligning with personal financial literacy standards that emphasize consumer decision-making and understanding of economic principles.
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Student View
30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cash is _________.
patience
emotional
truth
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The second key to opening the door to huge bargains is having _________.
patience
immediacy
visual
Tags
CCSS.RI.8.2
CCSS.RL.11-12.2
CCSS.RL.9-10.2
CCSS.RI. 9-10.2
CCSS.RI.11-12.2
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Understand and use "____-____ power."
good, bad
good enough
walk away
Tags
CCSS.RL.8.1
CCSS.RI.8.8
CCSS.RI.8.1
CCSS.RL.11-12.1
CCSS.RL.9-10.1
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
"That's not ____ ______."
take away
walk away
good enough
Tags
CCSS.RL.2.6
CCSS.RL.8.3
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Use the "If I" ____-____ technique.
walk away
take away
good, bad
Tags
CCSS.RI.2.1
CCSS.RI.3.1
CCSS.RL.1.1
CCSS.RL.2.1
CCSS.RL.3.1
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The ____ guy, ___ guy technique is a negotiating tool that you should be aware of.
good, bad
walk away
good enough
Tags
CCSS.RI.11-12.5
CCSS.RI.9-10.5
CCSS.RI.8.5
CCSS.RI.11-12.3
CCSS.RI.9-10.3
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_________: Typically, private sellers aren't trying to make a sale for profit; they're just trying to get some money out of the stuff they don't need or want anymore.
Classifieds
Garage sales
Foreclosure
Tags
CCSS.RI.11-12.5
CCSS.RI.9-10.5
CCSS.RI.8.5
CCSS.RI.6.5
CCSS.RI.7.5
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