WorksheetsQuest for Success Final Review
Total questions: 62
Worksheet time: 31mins
Name
Class
Date
1.
What does the acronym SMART stand for?
a)
Specific, Measurable, Attainable, Relevant and Timebound
b)
Specific, Meaningful, Attainable, Reality and Timebound
c)
Special, Measurable, Attractive, Reality and Treasured
2.
Setting clear and specific goals will help you stay motivated when times are tough.
a)
True
b)
False
3.
Identifying _____ is a good way to keep you on track when trying to meet a goal.
a)
strengths
b)
obstacles
c)
weaknesses
d)
interests
4.
Take developing skills and exert _______ to reach goals and set achievements.
a)
a positive attitude
b)
interest
c)
power
d)
effort
5.
Large goals can seem insurmountable so to achieve success they must be...
a)
accomplished in a quick time-frame
b)
layed out ahead of time
c)
broken down into little steps
d)
tackled with support from peers
6.
To achieve goals, you should surround yourself with people who are striving to accomplish _________ goals.
a)
different
b)
difficult
c)
similar
d)
challenging
7.
Micro-level goals should be set up_______ to push us towards our bigger goals.
a)
every week
b)
every day
c)
every year
d)
hourly
8.
People with a growth mindset push their abilities daily and seek constant and never-ending _____________.
a)
success
b)
perfection
c)
challenges
d)
improvement
9.
Lack of _________ rather than effort is often why people fail to meet their goals.
a)
success
b)
structure
c)
interest
d)
knowledge
10.
Students should set their own goals otherwise they would be ...
a)
too easy for them
b)
too challenging for them
c)
not interesting for them
d)
irrelevant to them
11.
Which of the following words is the opposite of
construct?
a)
record
b)
destroy
c)
reject
d)
trim
12.
Distribute means:
a)
donate
b)
give out
c)
throw away
d)
handle
13.
If a person has a bias he or she:
a)
makes thoughtful decisions
b)
is a wealthy business person
c)
has children in the local school
d)
makes judgments based on opinion
14.
If you can NOT interpret a note you can’t:
a)
figure out what it means
b)
read it aloud to a friend
c)
listen to somebody read it
d)
write the note neatly
15.
Explanation means a:
a)
report
b)
reason
c)
cause
d)
question
16.
Another word for issue is:
a)
answer
b)
article
c)
journey
d)
problem
17.
To __________________ means to carefully put together or build something.
a)
construct
b)
approach
c)
bias
d)
haphazard
18.
When you ______________ something, you figure out what it means, and you may share its meaning with others.
a)
bias
b)
interpret
c)
approach
d)
distribute
19.
An __________________ is a statement that makes things clear or easier to understand.
a)
haphazard
b)
approach
c)
issue
d)
explanation
20.
If you orient yourself, you:
a)
become uncomfortable
b)
sing to yourself
c)
find your direction
d)
get lost
21.
Which of these might NOT be a good deed?
a)
walking a neighbor’s dog
b)
falling asleep
c)
helping to shovel a driveway
d)
carrying heavy groceries
22.
Investors take a risk for the potential of receiving which of the following
a)
Prize
b)
Recognition
c)
Bonus
d)
Return
23.
Which of the following most accurately describes the relationship between risk and return
a)
For the potential of a high return, you usually accept a high risk.
b)
For the potential of a low return, you usually accept a high risk.
c)
For the potential of a high return, you usually accept a low risk.
d)
For the potential of a low return, you usually accept no risk.
24.
With a lending investment, investors do which of the following:
a)
Hire a financial advisor
b)
Maintain a minimum amount of money in the investment
c)
Allow borrowers to use their money for a price
d)
Avoid taking any risk
25.
Which of the following is a disadvantage of owning stock
a)
Potential for loss of time and effort
b)
Penalty for early withdrawal
c)
Low potential for return
d)
High degree of risk
26.
Which of the following is an example of a real estate investment:
a)
A certificate of deposit
b)
A corporate bond
c)
Land to be developed in the future
d)
Partial ownership of a corporation
27.
The ownership investment with the greatest risk of personal loss is
a)
entrepreneurship
b)
a mutual fund
c)
a savings account
d)
a bond
28.
a document that defines a business's objectives and strategies which usually includes a business summary, market research, and plan for execution
a)
creativity
b)
engineering design process
c)
business plan
d)
entrepreneur
29.
one who organizes, manages, and assumes the risks of a business or enterprise
a)
business plan
b)
invention
c)
innovation
d)
entrepreneur
30.
the introduction of something new
a)
creativity
b)
innovation
c)
business plan
d)
entrepreneur
31.
The outward aspect or look of something
a)
appearance
b)
constraints
c)
criteria
d)
facial expression
32.
the gestures, movements, and mannerisms by which a person or animal communicates with others
a)
body language
b)
encourager
c)
facial expression
d)
criteria
33.
communication that is not involving or using words
a)
nonverbal communication
b)
mediator
c)
manufacture
d)
innovator
34.
work done by several associates with each doing a part but all subordinating personal prominence to the efficiency of the whole
a)
teamwork
b)
prioritize
c)
innovator
d)
gesture
35.
Interest is:
a)
A charge for lending money to a bank
b)
The amount owed for borrowing money
c)
The amount added into your savings when you open a bank account
d)
A charge for the convenience of accessing money stored in your bank account
36.
what is the typical relationship between time and interest
a)
Longer time period usually equals higher interest rates
b)
Shorter time period usually equals higher interest rates
c)
Longer time period usually have no effect on interest rates
d)
Shorter time period usually have no effect on interest rates
37.
Susan has $500 she is looking to save for a trip. She wants to earn the most possible interest and will not need to access her money for a year. which type of savings account will be best
a)
Certificate of Deposit
b)
Money Market Account
c)
Savings Account
d)
Checking Account
38.
Which of the following is considered a "need"
a)
Food
b)
Pizza
c)
Gatorade
d)
Fruit
39.
Which type of account typically has very high liquidity, low or no interest, and low minimum balance
a)
Checking Account
b)
Money Market Account
c)
Certificate of deposit
d)
Investment Retirement Account
40.
Which of the following is the most important consideration when planning your budget
a)
Budget your needs before your wants
b)
Budget for unexpected events before expected expenses
c)
Budget for fixed expenses before flexible expenses
d)
Budget for expected events before unexpected expenses
41.
Which of the following is considered a "want"
a)
A warm winter coat
b)
Shoes
c)
Designer sneakers
d)
Socks
42.
Your friend is overspending and in need of a budget. What type of expense should they reduce next month
a)
Going to the movies with friends
b)
Buy fewer school books
c)
Transportation to get to and from school
d)
Purchasing medicine for their asthma
43.
The purpose of a budget is to
a)
Help you plan how you will spend the money you earn and receive
b)
Stop you from spending too much money
c)
Increase the balance of your savings account
d)
Tell you how much you owe the government in taxes
44.
The numbers on the bottom of a typical check represent all of the following except
a)
Social Security number
b)
Routing Number
c)
Account Number
d)
Check Number
45.
Which of the following is a variable expense?
a)
Student loan payments
b)
Groceries
c)
Rental payments
d)
Health insurance
46.
Which of the following is a fixed expense?
a)
Clothing purchases
b)
Groceries
c)
Rental payments
d)
Movie tickets
47.
Which of the following payment types require you to pay upfront?
a)
Money order
b)
Cashier's check
c)
Pre-paid card
d)
All of the above
48.
Good credit is usually required for which of the following:(Check all that apply)
a)
buying a new car
b)
adopting a new pet
c)
getting a credit card
d)
buying a house
e)
buying used furniture
49.
Which statement is most correct when choosing to rent or buy a home?
a)
Buy a home because it is better than renting one.
b)
Rent a home only until you can afford to buy one.
c)
Rent a home because it is better than buying one.
d)
Buy or rent a home based on your individual circumstance.
50.
Which form is your employer required to send to you before you file your tax return?
a)
Yearly paycheck stub
b)
1040EZ
c)
W-2
d)
W-4
51.
A new pair of designer sneakers is an example of a:
a)
Need
b)
Want
52.
Which of the following is NOT part of a budget?
a)
Income
b)
Fixed Expenses
c)
Charitable Giving
d)
Opportunity Costs
53.
Advertisements are the best source for gathering information about goods and services.
a)
True
b)
False
54.
Expenses that fluctuate up or down each month based on the decisions a person makes is called:
a)
Variable Expense
b)
Invariable Expense
c)
Personal Expense
55.
Which of the following has the highest unit price?
a)
8 apples of $6.00
b)
2 oranges of $0.75
c)
6 lemons for $2.00
56.
A debit card is directly connected to a person's:
a)
Bank Account
b)
Mobile Phone
c)
Credit Card
57.
There is no penalty for missing a credit card payment.
a)
True
b)
False
58.
Fixed amount that's paid to students or interns on a scheduled basis.
a)
Bonus
b)
Commission
c)
Stipend
59.
Which of the following factors are used to determine a credit score?
a)
Payment History
b)
Amount Owed
c)
Length of Credit
d)
All of the options listed
60.
Which degree type is typically earned at a community college?
a)
Associate Degree
b)
Bachelor's Degree
c)
Master's Degree
61.
Someone with a professional degree can make almost 3 times more over a high school graduate.
a)
True
b)
False
62.
The amount of money a business makes from sales each month is called:
a)
Expenses
b)
Revenue
c)
Loss
100 %
