Personal Decision Making Vocabulary Terms

Personal Decision Making Vocabulary Terms

9th - 12th Grade

15 Qs

quiz-placeholder

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Personal Decision Making Vocabulary Terms

Personal Decision Making Vocabulary Terms

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Hard

Created by

Yolanda Barron

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 7 pts

What is Personal Finance?

The management of an individual's money, including budgeting, saving, and investing.

A process of paying bills only.

A way to generate wealth only through trading stocks.

A method for businesses to manage profits.

2.

MULTIPLE CHOICE QUESTION

30 sec • 7 pts

What is Income?

Money received for work or through investments

Money spent on goods and services

The profit earned by a company

An expense incurred in production

3.

MULTIPLE CHOICE QUESTION

30 sec • 6 pts

Wants are desires for things that are not essential for survival.

Desires for things that are not essential for survival.

Basic necessities required for survival.

Simple biological needs.

Irrelevant wishes.

4.

MULTIPLE CHOICE QUESTION

30 sec • 6 pts

Needs are essential for survival.

Essential requirements for survival

Optional luxuries

Non-essential desires

Secondary wishes

5.

MULTIPLE CHOICE QUESTION

30 sec • 7 pts

Values guide behavior and decision-making.

They are numerical figures used in math.

They are monetary amounts assigned to items.

They are beliefs or principles that guide behavior.

They are laws imposed by the government.

6.

MULTIPLE CHOICE QUESTION

30 sec • 7 pts

Goals are targets or desired outcomes.

Targets or desired outcomes

Obstacles

Irrelevant tasks

Random choices

7.

MULTIPLE CHOICE QUESTION

30 sec • 6 pts

Trade refers to the exchange of goods and services.

Exchange of goods and services

Creation of money

Complex financial operations

None of the above

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