
Unit 3 Test Review
Authored by Jacob Bentz
Business
9th Grade
Used 5+ times

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36 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of personal financial planning?
Arranging to spend, save, and invest money to live comfortably, have financial security, and achieve goals
Managing only your savings and investments
Spending money without a plan
Focusing solely on retirement funds
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a step in the financial planning process?
Determine Your Current Financial Situation
Develop Your Financial Goals
Ignore Your Financial Situation
Review and Revise Your Plan
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the beliefs and principles you consider important, correct, and desirable called?
Values
Goals
Risks
Plans
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a type of financial risk?
Inflation risk
Career risk
Social risk
Health risk
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between short-term goals and long-term goals?
Short-term goals take one year or less to achieve; long-term goals take more than five years
Short-term goals are more important than long-term goals
Long-term goals are easier to achieve than short-term goals
Short-term goals require more planning than long-term goals
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a financial goal?
Buying a computer
Going for a walk
Reading a book
Watching a movie
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does high consumer spending affect the economy?
It creates more jobs and maintains them
It decreases the unemployment rate
It leads to higher taxes
It causes inflation to rise
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