
Chapter 1 - Start Smart
Authored by Danna Taylor
Financial Education
8th Grade
Used 3+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Long-term goals are goals you expect to achieve over a longer period of time.
TRUE
FALSE
Answer explanation
The statement is true (T) because long-term goals are indeed those that you plan to achieve over an extended period, distinguishing them from short-term goals.
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Setting goals is not important.
TRUE
FALSE
Answer explanation
The statement is false (F) because setting goals is crucial for providing direction, motivation, and a clear focus, which are essential for achieving success in any endeavor.
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
On average, 80% of high school students don't achieve their goals on the first try.
TRUE
FALSE
Answer explanation
The statement indicates that 80% of high school students do not achieve their goals on the first try, which supports the true answer choice. Therefore, the correct answer is T.
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
An attainable goal should be reasonable and reachable.
TRUE
FALSE
Answer explanation
The statement is true (T) because an attainable goal must be realistic and achievable, ensuring that it can be reached with the available resources and time.
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The "R" in the acronym for SMART goals stands for Research.
TRUE
FALSE
Answer explanation
The 'R' in SMART goals stands for 'Relevant,' not 'Research.' Therefore, the statement is false (F).
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is NOT considered to be a value?
Family and friends
Environment and life experiences
Cleaning your room
Society and media
Answer explanation
Cleaning your room is an action or task, not a value. In contrast, family, friends, environment, life experiences, society, and media represent beliefs or principles that guide behavior and decisions.
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a goal?
Principles or standards for what is important to you
Something that you strive to achieve over a certain amount of time
Things that you wish to have, but not having them will not threaten your existence
None of the above
Answer explanation
A goal is defined as something you strive to achieve over a certain amount of time. This distinguishes it from mere wishes or principles, as goals require effort and a timeframe for accomplishment.
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