WorksheetsBudget Week 2 Assessment
Total questions: 14
Worksheet time: 7mins
Goals that include career choices and personal characteristics are :
"To be" goals
short term goals
"To have" goals
"To do" goals
Easily identified goals that continually change are referred to as
"To be" goals
"to have" goals
"to do" goals
The need to obtain one goal in order to attain another goal is referred to as a (an)
conflicting goal
priority
unrealistic goals
interdependent goal
In Patricia's company, they use an established measure of quality, value, or quantity to evaluate their products. This measure is known as a:
benchmark
standard
criterion
parameter
Aria has been working hard on her project and she wants to achieve a specific outcome. What is this outcome called?
ethics
goal
wants
priority
Priya often finds herself in situations where she must decide what is right or wrong. What guides her decisions?
Social Norms
Law
Morality
Ethics
Robin is trying to decide what career path to pursue. He considers what he finds important and desirable in life. What is Rohan reflecting on?
Values
Preferences
Goals
Principles
Anika is leading a project team and wants to ensure the project's success. To achieve this, should she identify all available resources?
True
False
Maya had to choose between attending a concert or going to a movie. She chose the concert. The opportunity cost is the value of the movie she gave up.
True
False
Hannah believes that living within her means is the only way to have financial peace of mind. Is she correct?
True
False
Karissa just received her paycheck. Define her disposable income:
Disposable income is the income received from investments.
Disposable income is the amount left after bills are paid, groceries are purchased, and everything is budgeted.
Disposable income is the total income before any deductions.
Disposable income is the income available to an individual after taxes have been deducted.
Avery is reviewing her monthly budget and notices several entries. Define Expense:
An expense is a type of investment that generates profit.
An expense is a form of income received from sales.
An expense is a legal obligation to pay taxes.
An expense is the amount spent on something.
Define Income:
Income is the value of assets owned by an individual.
Income refers to the total amount of money gained.
Income is a type of tax paid to the government.
Income is the amount of bills owed.
Define Loss:
Loss is a negative amount on your budget.
