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WorksheetsQuiz on Goal Setting and Investment
Total questions: 59
Worksheet time: 40mins
What does the acronym SMART stand for?
Specific, Measurable, Attainable, Relevant and Timebound
Specific, Meaningful, Attainable, Reality and Timebound
Special, Measurable, Attractive, Reality and Treasured
Setting clear and specific goals will help you stay motivated when times are tough.
True
False
Identifying __________ is a good way to keep you on track when trying to meet a goal.
strengths
obstacles
weaknesses
interests
Take developing skills and exert __________ to reach goals and set achievements.
interest
power
effort
a positive attitude
Large goals can seem insurmountable so to achieve success they must be broken down into little (a) .
To achieve goals, you should surround yourself with people who are striving to accomplish (a) goals.
Micro level goals should be set up (a) to push us towards our bigger goals.
People with a growth mindset push their abilities daily and seek constant and never ending __________.
success
improvement
challenges
imperfection
Lack of (a) rather than effort is often why people fail to meet their goals.
Students should set their own goals otherwise they would be considered
too easy for them
Irrelevant to them
not interesting to them
too challenging for them
Which of the following words is the opposite of construct?
Destroy
Build
Create
Assemble
Distribute means give out.
throw away
give out
donate
handle
If a person has a biased opinion, then he or she makes judgements based on that __________.
is a wealthy business person
makes thoughtful decisions
has children in a local school
makes judgement based on opinion
If you can NOT interpret a note, you can not figure out what it means.
(a)
Explanation means
(a)
Another word for the issue is (a) .
To (a) means to carefully put together or build something.
When you (a) something, you figure out what it means, and you may share its meaning with others.
An (a) is a statement that makes things clear or easier to understand.
If you orient yourself, you
(a)
Which of these might not be a good deed?
walking a neighbor’s dog
falling asleep
helping to shovel a driveway
carrying heavy groceries
Investors take a risk for the potential of receiving which of the following?
Return
Loss
None
All
Which of the following most accurately describes the relationship between risk and return?
(a)
With a lending investment, investors do which of the following?
Allow borrowers to use their money for a price
Hire a financial advisor
Maintain a minimum amount of money in the investment
Avoid taking any risk
Which of the following is a disadvantage of owning stock?
Low potential for return
Penalty for early withdrawal
Potential for loss of time and effort
High degree of risk
Which of the following is an example of real estate investment?
A certificate of deposit
A corporate bond
Land to be developed in the future
Partial ownership of a corporation
The ownership investment with the greater risk of personal loss is:
(a)
A document that defines a business's objectives and strategies which usually includes a business summary, market research, and plan for execution is called:
(a)
One who organizes and manages and assumes the risk of a business or enterprise is known as:
(a)
The introduction of something new is termed:
(a)
The outward aspect or look of something is referred to as:
(a)
The gestures, movements, and mannerisms of a person or animal in a way to communicate with others is called:
(a)
Communication that is not involving or using words is known as:
nonverbal communication
mediator
innovator
manufacturer
Work done by several associates with each doing a part but all subordinating personal prominence to the efficiency of the whole is called:
(a)
Interest is defined as:
(a)
What is the typical relationship between time and interest?
(a)
Susan has $500 and she is looking to save money for a trip. She wants to earn the most possible interest and will not need to access the money for a year. Which type of savings account would be best for Susan?
Savings Account
Money Market Account
Certificate of Deposit
Checking Account
Which of the following is the most important consideration when planning out your budget?
Designer sneaker shoes
Budget your needs before your wants
Which of the following is considered a want?
Designer sneaker shoes
Budgeting
The purpose of a budget is:
Help you plan how you will spend the money you earn and receive
Stop you from spending too much money
Tell you how much you owe the government in taxes
Increase the balance of your savings account
The numbers on the bottom of a typical check represent all of the following except:
Social security number
Account number
Routing number
Which of the following is a variable expense?
Groceries
Car payment
Rent
Which of the following is a fixed expense?
Rental payments
Dining out
Vacation expenses
Which of the following payment types require you to pay upfront?
Cashier’s check
Money order
Prepaid debit card
All of the above
Good credit is usually required in which of the following situations?
Buying a house
Buying a new car
Getting a credit card
All of the above
Which statement is most accurate when choosing to rent or buy a home?
Buy
Rent
Based on your individual circumstances
Which form is your employer required to send to you before you file a tax return?
W-4
Yearly paycheck stub
1040EZ
A new pair of designer sneakers is an example of a:
Need
Want
Which of the following is NOT part of a budget?
Opportunity costs
Groceries
Rent
Advertisements are the best source for gathering information about goods and services.
True
False
Expenses that fluctuate up or down each month based on the decisions that a person makes is called:
Variable Expense
Invariable Expense
Personal Expense
Which of the following has the highest unit price?
2 oranges of $0.75
6 lemons for $2.00
A debit card is directly connected to a person's:
(a)
There is no penalty for missing a credit card payment.
True
False
Fixed amount that is paid to students or interns on a scheduled basis is called:
Bonus
Stipend
Commission
Which of the following factors are used to determine a credit score?
Payment history
amount owed
length of credit history
Which degree type is typically earned at a community college?
Someone with a professional degree can make almost 3 times more money than a high school graduate.
True
False
The amount of money a business can make from sales each month is called:
Revenue
Loss
Expenses
