EAP7 S.M.A.R.T. Review 11-03-23

EAP7 S.M.A.R.T. Review 11-03-23

7th Grade

12 Qs

quiz-placeholder

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EAP7 S.M.A.R.T. Review 11-03-23

EAP7 S.M.A.R.T. Review 11-03-23

Assessment

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7th Grade

Practice Problem

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Created by

Myra Thomas

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a short-term financial goal?

A goal that takes more than five years to achieve

A goal that can be achieved in less than one year

A goal that can be achieved in 10 years

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a medium-term financial goal?

A goal that can be achieved in less than one year

A goal that can be achieved in 10 years

A goal that takes between one to five years to achieve

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a long-term financial goal?

A goal that can be achieved in less than one year

A goal that can be achieved in 10 years

A goal that takes between one to five years to achieve

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the acronym S.M.A.R.T. stand for in relation to goal planning?

Specific, Measurable, Achievable, Realistic, Timely

Sensible, Meaningful, Attainable, Reachable, Time-Bound

Strategic, Measurable, Aggressive, Relevant, Time-Sensitive

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important to set financial goals?

To have something to strive for

To make sure you save enough money for retirement

Both

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of a short-term financial goal?

Saving for a vacation in six months

Saving for a new car in five years

Saving for a down payment on a house in 10 years

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of a medium-term financial goal?

Saving for a vacation in six months

Saving for a new car in five years

Saving for a down payment on a house in 10 years

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