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WorksheetsFinancial Decisions/Money in your Life
Total questions: 9
Worksheet time: 7mins
Name
Class
Date
1.
Specific objectives that are accomplished through financial planning
a)
financial goals
b)
financial planning
c)
financial well-being
d)
well-being
2.
Managing money continuously through life in order to reach your financial goals
a)
well-being
b)
financial goals
c)
financial planning
d)
financial well-being
3.
Managing money in ways that build a sense of understanding, competence, and control
a)
financial goals
b)
well-being
c)
financial planning
d)
financial well-being
4.
Feeling good about one's life
a)
well-being
b)
financial planning
c)
financial goals
d)
financial well-being
5.
Goods or services that are required for survival
a)
want
b)
value
c)
need
d)
trade-off
6.
The value of the next best alternative that must be foregone as a result of a decision
a)
needs
b)
opportunity cost
c)
trade-off
d)
value
7.
Giving up one thing for another
a)
opportunity cost
b)
trade-off
c)
value
d)
want
8.
A fundamental belief or practice about what is desirable, worthwhile, and important to an individual
a)
want
b)
value
c)
needs
d)
opportunity cost
9.
The desire for goods and services that can increase our quality of life but are not absolutely necessary for our survival
a)
needs
b)
trade-off
c)
value
d)
want
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