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Worksheets'23 Benchmark Study Guide 2
Total questions: 15
Worksheet time: 8mins
The quality of an education is based on how expensive it is.
FALSE
TRUE
How long does it take for bankruptcy filings to be removed from your financial records?
10 years
15 years
7 years
3 years
If you have low credit, your interest rate will be high.
False
True
What is found in areas of high college attendance?
Higher crime rates and lower cost of living
Low job opportunity and people living outside their means
Higher Illness, higher welfare, high unemployment
Decrease in crime, illness and lower welfare enrollment
What does deferment mean in regards to loans?
Pause paying your loans
The loan is forgiven
Someone else pays your loan
Your interest rate raised
Deferring your loan pauses the occurrence of interest.
True
False
How do you define a recession?
A temporary decrease in the prices of goods and services
A decline in economic activity that lasts for two quarters or a year
A sudden increase in consumer spending and investment
A period of economic growth and increased employment
What are the three circles of the locus of control?
Internal, external, and influence
Self, society, and nature
Personal, social, and environmental
Individual, collective, and universal
Which circle of the locus of control refers to the belief that individuals have control over their own actions and outcomes?
Internal
External
Circumferential
None of the above
When setting a SMART goal, why is it important for the goal to be time-focused?
It provides a clear deadline for achieving the goal.
It allows for flexibility in the goal's timeline.
It increases the complexity of the goal.
It decreases the motivation to achieve the goal.
What does the acronym SMART goal stand for?
Sustainable, Measurable, Achievable, Relevant, Timely
Specific, Measurable, Achievable, Realistic, Timely
Strategic, Measurable, Ambitious, Realistic, Timely
Specific, Measurable, Ambitious, Relevant, Timely
What is the key difference between a win-win scenario and a compromise?
In a win-win scenario, both parties achieve their goals and feel satisfied, while in a compromise, neither party is fully satisfied with the outcome.
In a compromise, both parties achieve their goals and feel satisfied, while in a win-win scenario, one party achieves their goals and the other does not.
In a win-win scenario, both parties give up something to reach an agreement, while in a compromise, one party dominates and imposes their ideas on the other.
In a compromise, both parties give up something to reach an agreement, while in a win-win scenario, one party dominates and imposes their ideas on the other.
What is the main difference between a credit card and a debit card?
Credit cards have higher interest rates, while debit cards have lower fees.
Credit cards are accepted internationally, while debit cards are only accepted locally.
Credit cards have a limit, while debit cards have no spending limit.
Credit cards use debit, while debit cards use your own funds.
What does a credit score represent?
Your ability to pay off debts
Your level of financial responsibility and trustworthiness
The amount of money you earn each year
The number of credit cards you own
What does Self-Concept mean?
A person's assessment of their physical appearance.
How individuals perceive and evaluate themselves in terms of their abilities, values, and beliefs.
A person's social status in their peer group.
The way people view and judge others.
