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Unit 3 Fin. Plan, SMART Goals, Budget, ID Theft

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

This is the first step in the Financial Planning Process

a)

Create a Plan

b)

Set S.M.A.R.T. Goals

c)

Analyze Information

d)

Implement the Plan

2.

S.M.A.R.T. Goals are specific, measurable, attainable, realistic and time stamped.

a)

False

b)

True

3.

The 3 R's of financial success are

a)

reality, responsibility, realistic

b)

reality, respect, restraint

c)

reality, restraint, resiliency

d)

reality, responsibility, restraint

4.

A Zero-Sum budget is when the income is greater than the expenses.

a)

True

b)

False

5.

The budget has a 2 part equation.

a)

net income - all expenses

b)

income - fixed expenses

c)

net income - occasional expenses

d)

income - variable expenses

6.

The final step to building a budget is to

a)

decide on the time frame for tracking

b)

list all money you have coming in

c)

study your budget and your financial plan to make sure it fits with your plans and goals

d)

make categories for all expenses

7.

This governmental agency overseas all of our medicines and medical devices.

a)

FCC

b)

FDA

c)

USPIS

d)

FEC

8.

Which of the following is not a right from the Consumers' Bill of Rights passed in 1962?

a)

Right to be informed

b)

Right to safety

c)

Right to choose

d)

Right to freedom of religion

9.

Identity Theft occurs when someone uses your name or personal information without your permission.

a)

True

b)

False

10.

Phishing occurs when

a)

an electronic device captures your information when you are at the teller.

b)

when you down load music for free or watch a movie on line that is still in the movie theater.

c)

an E-mail or pop-up message appears and prompts you to click on a link.

d)

you file-share information.