
Financial Decision making

Quiz
•
Professional Development
•
7th - 8th Grade
•
Medium
Luciana Mayberry
Used 4+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A financial decision is a decision about how to manage your money
True
False
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Financial needs and financial wants both
are needed to survive
cost money
are the same
none of the above
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Your financial wants are the things you need to maintain a certain
Short-term goal
income bracket
Standard of living
Long-term goal
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which is the first step to making a financial decision?
Make and implement a plan of action
Identifying the decision to be made
Considering the possibilities
Selecting the best option
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The last step in the financial decision making process is to
Evaluate the decision, process, and outcome
Consider all possible options
Never start the process
Identify the decision to be made
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following defines frugal?
An unplanned, spontaneous purchase
Not being wasteful
Awareness of one's environment
The ability to hold back one's actions
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Peer pressure is also known as
Civic consciousness
Work ethic
The bandwagon effect
Restraint
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