WorksheetsFINLIT Vocabulary Ch1
Total questions: 15
Worksheet time: 8mins
Name
Class
Date
1.
Method of weighing the costs against the benefits of an action, a purchase, or a financial decision.
a)
cost-benefit analysis
b)
opportunity cost
c)
marginal analysis
d)
ethics
e)
goods
2.
Value of the option you give up.
a)
law of diminishing marginal utility
b)
marginal analysis
c)
opportunity cost
d)
management
e)
personal financial planning
3.
Government program that provides financial benefits to eligible citizens based on their legal rights.
a)
standard
b)
law of diminishing marginal utility
c)
standard
d)
entitlement
e)
ethics
4.
Application of science and research to human life and environments.
a)
management
b)
technology
c)
ethics
d)
earnings
e)
human resource
5.
Objective to be attained in a specific amount of time.
a)
goal
b)
management
c)
good
d)
personal financial planning
e)
nonhuman resource
6.
Established measure of quality, value, or quantity.
a)
standard
b)
opportunity cost
c)
ethics
d)
law of diminishing marginal utility
e)
reflection
7.
Measures the added benefit, versus the added cost, of one more unit of a product.
a)
personal financial planning
b)
aardvark
c)
cash
d)
ethics
e)
marginal analysis
8.
Process of organizing and using resources to achieve predetermined objectives.
a)
flow
b)
ostrich
c)
management
d)
morals
e)
ethics
9.
Tools you can use to reach your goals.
a)
personal financial planning
b)
resource
c)
personal financial planning
d)
management
e)
determination
10.
Influences the way you live and think as well as your decisions and behavior.
a)
opportunity cost
b)
values
c)
law of diminishing marginal utility
d)
code
e)
ethics
11.
System used to acquire, organize, maintain, retrieve, and use information.
a)
term
b)
resourcefulness
c)
OODA loop
d)
personal information management (PIM)
e)
planning
12.
Necessities a person must have to survive.
a)
analysis
b)
marginal analysis
c)
personal financial planning
d)
evaluation
e)
needs
13.
Moral principles or beliefs that direct a person’s behavior.
a)
opportunity cost
b)
ethics
c)
OODA loop
d)
standard
e)
flexiblity
14.
Process of setting financial goals and developing plans to reach them while meeting financial needs.
a)
personal financial planning
b)
priority
c)
cost
d)
flexibility
e)
determination
15.
States that the marginal benefit of using an additional unit of something decreases as the quantity used increases.
a)
trade off
b)
standard
c)
law of diminishing marginal utility
d)
usefulness
e)
marginal analysis
100 %
