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WorksheetsFinancial Decisions & Planning
Total questions: 30
Worksheet time: 17mins
John is a financial advisor. He is trying to help his client achieve specific objectives through financial planning. What is John helping his client to accomplish?
financial goals
financial planning
financial well-being
well-being
Match the term to the correct definition:
Financial Goals
Specific objectives that are accomplished through financial planning
Managing money continuously through life in order to reach your financial goals
Managing money in ways that build a sense of understanding, competence, and control
Feeling good about one’s life
Match the term to the correct definition:
Financial Planning
Specific objectives that are accomplished through financial planning
Managing money continuously through life in order to reach your financial goals
Managing money in ways that build a sense of understanding, competence, and control
Feeling good about one’s life
Match the Term to the correct definition:
Opportunity Cost
Goods or services that are required for survival
The value of the next best alternative that must be forgone as a result of a decision
Giving up one thing for another
A fundamental belief or practice about what is desirable, worthwhile, and important to an individual
The desire for goods and services that can increase our quality of life but are not absolutely necessary for our survival
Match the Term to the correct definition:
Trade Off
Goods or services that are required for survival
The value of the next best alternative that must be forgone as a result of a decision
Giving up one thing for another
A fundamental belief or practice about what is desirable, worthwhile, and important to an individual
The desire for goods and services that can increase our quality of life but are not absolutely necessary for our survival
Match the Term to the Correct Definition:
Long Term Goals
Something a person intends to acquire, achieve, or accomplish in the future
A goal that will be attained in more than one year
A goal that will be attained in less than one year
Managing money continuously through life in order to reach your financial goals
The value of the next best alternative that must be forgone as a result of a decision
Match the Term to the Correct Definition:
Short Term Goals
Something a person intends to acquire, achieve, or accomplish in the future
A goal that will be attained in more than one year
A goal that will be attained in less than one year
Managing money continuously through life in order to reach your financial goals
The value of the next best alternative that must be forgone as a result of a decision
Property owned by a person or company, regarded as having value is an __________
asset
liability
net worth
pizza
The difference of what you own and what you owe (the difference between assets and liabilities)
asset
liability
net worth
coconut
You can have negative Net Worth.
True
False
A thing for which someone is responsible, especially a debt or financial obligation is a _____.
asset
liability
net worth
bacon
Bills and Loans are examples of ________?
Assets
Liabilities
Net worth
Pickles
The Balance On your Credit Card would be considered a/an
asset
liability
How do you find Net Worth?
Liabilities - Assets
Assets - Liabilities
Liabilities + Assets
Assets + Liabilities
The amount of cash moving into and out of a business
Cash Flow
Net Worth
selling an asset would be an example of
cash inflow
cash outflow
paying the rent would be an example of
cash inflow
cash outflow
Ideally, the net cash flow should be
positive
negative
shows the movement of cash during a specific time frame that has already occured
cash flow statement
cash flow projection
What is meant by the term 'financial cyber-crime'?
Any crime that use to jeopardise national security.
Any crime that involves computers and networks.
The theft of digital information.
The use of computer networks to commit financial criminal activities or identity fraud.
Someone uses another person's personal identifying information, like their name, identifying number, or credit card number, without their permission, to commit fraud or other crimes.
Advanced persistent threats
ATM fraud
Identity theft
The attempt to acquire sensitive information such as usernames, passwords, and payment card details.
Phishing scam
Firewall
Computer Virus
Distributed Denial-of-service (DDos)
If you fall for a phishing scam, what should you do to limit the damage?
Delete the phishing email
Unplug the computer. This will get rid any malware.
Change any compromised password.
