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WorksheetsValues, Goals, and More
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
Something that is nice to have but not necessary is a
a)
need
b)
want
c)
value
d)
option
2.
Food and clothing are examples of a
a)
want
b)
expense
c)
need
d)
option
3.
What we individually consider important and makes an impact on our choices is a
a)
like
b)
thought
c)
value
d)
opinion
4.
What does SMART stand for in making goals?
a)
simple, measurable, accomplished, reasonable, timely
b)
Specific, meaningful, attainable, reachable, timely
c)
simple, meaningful, attainable, reasonable, timely
d)
specific, measurable, attainable, reasonable, timely
5.
A long term goal is something you want in
a)
5 or more years
b)
2-3 or 4 years
c)
1-2 years
d)
now
6.
An intermediate or midterm goal is something we want in
a)
2-4 years
b)
within 1 year
c)
now
d)
5-6 years or more
7.
Short term goals are within this time frame
a)
now
b)
within a year or less
c)
1-2 years
d)
3-5 years
8.
What is the first thing in the decision making process?
a)
Consider consequences
b)
Gather information
c)
identify the problem
d)
weigh the opportunity costs
9.
Scarcity is when
a)
there is alot of product but not enough want for it
b)
a lot of want for a product, but not enough of the product.
10.
Opportunity Costs are
a)
what we give up for something else
b)
how much something costs
c)
What we pay for an opportunity to do something
d)
How much we charge for an opportunity
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