Business TSA quiz 1

What is a financial goal?

• a specific goal accomplished in less than a year

• a specific goal accomplished in 2 years

• a specific goal accomplished in a week

• a specific objective to be accomplished by financial planning

What is a short-term goal?

• a goal accomplished in less than one year

• a goal accomplished in 2 years

• a goal accomplished in 3 years

• a goal accomplished in more than 5 years

What is a long-term goal?

• a goal accomplished in more than one year

• a goal accomplished in one week

• a goal accomplished the same day

• a goal accomplished in a week

What is an occupation?

• a work role with a specific organization

• a lifetime journey of building and making good use of skills, knowledge, and experience

• a wide category of jobs with similar characteristics

• an extracurricular activity with friends and family

What is an appropriate way to make money?

• hack accounts

• rob people

• work hard

• print money

Which is NOT an example of a need?

• food

• shelter

• concert tickets

• money

Which of the following are all examples of wants?

• water, home, and shoes

• school, vacation, and water

• laptop, income, and electricity

• candies, vacation, and gifts

What is the definition of well-being?

What is standard of living?

• a necessity or an essential item required for life

• unnecessary but desired items which increase the quality of living

• the minimum necessities, comforts, or luxuries thought to be essential

• overall state of being happy healthy, and prosperous

What is a savings account?

• a type of account that pays a higher interest rate than a savings account

• a type of account where you can only use half of your money

• an account that is saved for your child’s college

• an account with a financial institution