The PACED Decision-Making Model is used to:
5A Vocabulary

Quiz
•
Social Studies
•
12th Grade
•
Easy
Raymond Morgan
Used 1+ times
FREE Resource
30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Predict future stock market trends
Evaluate choices based on criteria and alternatives
Calculate interest rates on loans
Determine tax deductions
Answer explanation
The PACED Decision-Making Model helps evaluate choices by considering various criteria and alternatives, making it a structured approach to decision-making, unlike the other options listed.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Generational wealth refers to:
Income earned from a full-time job
Money, assets, and financial security passed down through family generations
A government program that provides financial aid
Temporary financial assistance for low-income families
Answer explanation
Generational wealth specifically refers to money, assets, and financial security that are passed down through family generations, distinguishing it from income or temporary financial aid.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Assets are:
Items that have financial value, like cash, property, and investments
Taxes paid on property after someone’s death
Expenses that reduce a person’s net worth
Loans provided by the government
Answer explanation
Assets are defined as items with financial value, such as cash, property, and investments. This distinguishes them from taxes, expenses, or loans, which do not represent ownership of valuable items.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
FAFSA is:
A form used to apply for federal financial aid for college
A savings plan for retirement
A tax form used for independent contractors
A type of government scholarship
Answer explanation
FAFSA stands for Free Application for Federal Student Aid. It is specifically designed for students to apply for federal financial aid for college, making the first answer choice correct.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The difference between subsidized and unsubsidized student loans is:
Subsidized loans do not require repayment
The government pays the interest on subsidized loans while the student is in school
Unsubsidized loans have lower interest rates than subsidized loans
Subsidized loans are only available to graduate students
Answer explanation
The correct choice is that the government pays the interest on subsidized loans while the student is in school, making them more favorable compared to unsubsidized loans, which accrue interest immediately.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A grant for college or technical school is:
A loan that must be repaid
Free money provided based on financial need or academic merit
A type of scholarship provided by employers
A tax deduction for student expenses
Answer explanation
A grant is not a loan; it does not need to be repaid. Instead, it is free money awarded based on financial need or academic merit, making it a valuable resource for students pursuing higher education.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Scholarships, such as the HOPE Scholarship, are:
Financial aid based on merit or need that does not need to be repaid
Government loans with low interest rates
Employer-sponsored tuition reimbursement programs
Taxable income for students
Answer explanation
Scholarships, like the HOPE Scholarship, provide financial aid based on merit or need and do not require repayment, making them distinct from loans or employer reimbursement programs.
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