SMART Goals and Financial Literacy Quiz

What does the "S" in SMART Goals stand for?

• Specific

• Simple

• Sensible

• Secure

Answer explanation

The "S" in SMART Goals stands for "Specific." This means that goals should be clear and well-defined, allowing for focused efforts and measurable outcomes.

Match each banking term with its correct description.

• Money taken out of an account

• Balance

• Money put into an account

• Withdrawal

• Any activity involving money moving in or out of an account

• Transaction

• The amount of money currently in an account

• Deposit

"Time-bound" in SMART Goals means (a)   .

• Has a deadline

• Can be tracked

• Important to your future

• Within your ability

Answer explanation

"Time-bound" in SMART Goals means that the goal has a deadline, ensuring that there is a specific timeframe for completion. This helps in maintaining focus and urgency.

What does "Income" refer to in Budget Basics?

• Money you receive

• Money you spend

• Money you save

• Money you owe

Answer explanation

In Budget Basics, "Income" refers to the money you receive. This includes wages, salaries, and any other earnings, distinguishing it from spending, saving, or owing money.

What is the purpose of "Accommodation" in IEP Important Terms?

• Help or change that assists you

• Change in what you learn

• Planning for after school

• Help you receive

Answer explanation

The purpose of "Accommodation" in an IEP is to provide help or changes that assist students in accessing the curriculum and demonstrating their knowledge, making the correct choice "Help or change that assists you."

Match each resume word with its correct meaning.

• Experience

• Business-like behavior

• Skills

• Person who knows your work

• Reference

• Activities you've done

• Professionalism

• Things you can do

In interview terms, "Business Casual" means (a)   .

• Formal clothes

• Nice but not formal clothes

• How you present yourself

• Looking at the person speaking

Answer explanation

In interview terms, 'Business Casual' refers to 'Nice but not formal clothes.' This style strikes a balance between professional and relaxed, making it suitable for many workplace environments.

In planning terms, "Deadline" means (a)   .

• Extra time between tasks

• Most important task

• When a task must be done

• Activity to complete

Answer explanation

In planning, a "Deadline" refers to "When a task must be done." It signifies the specific time by which a task needs to be completed, making it crucial for effective time management.

What is the definition of "Appointment" in common time phrases?

• Scheduled meeting time

• Free to use time

• Two things at the same time

• How long something takes

Answer explanation

An 'Appointment' refers to a 'Scheduled meeting time', indicating a specific time set for a meeting or event. The other options do not accurately capture this definition.

What does "Reference" mean in resume words?

• Business-like behavior

• What makes you right for the job

• Person who knows your work

• Activities you've done

Answer explanation

In a resume, 'Reference' refers to a person who can vouch for your work and skills. They provide potential employers with insights about your professional abilities and character, making 'Person who knows your work' the correct choice.