WorksheetsPF: 1-1 Quiz
Total questions: 10
Worksheet time: 50mins
Which of the following best describes what needs are?
Things needed for survival
Things you desire for reasons other than survival
Lost chance to do something else with money
Things you should buy after all bills are paid
Which of the following are examples of needs?
Air, food, water, shelter, and clothing
Phones, TVs, and game systems
Concert tickets and vacations
Internet at home for a fee
What does "opportunity cost" mean?
Lost chance to do something else with money based on your decision
The amount of money you save
The total cost of all your needs
The price of a concert ticket
Which of the following is an example of opportunity cost?
Using the free internet at a library instead of having it at home for a fee
Buying food and water
Purchasing a new phone
Paying for shelter
What is the main idea about being responsible with financial decisions?
Needs before wants
Wants before needs
Spend all your money
Ignore opportunity costs
What is the typical time frame for achieving short-term goals?
1-2 years
5-10 years
Over 10 years
Less than a month
Which of the following is an example of a short-term goal?
Wanting to lose 20 pounds
Wanting to retire in 30 years
Wanting to travel the world after graduation
Wanting to become a CEO
How are jobs usually compensated (paid)?
Paid by the hour (salary sometimes)
Paid only in tips
Paid once a year
Paid in goods instead of money
How do short-term goals affect you?
They affect your behaviors now
They only affect your future
They have no effect on your life
They only affect your emotions
What is the relationship between goals, jobs, and careers?
Your goals affect jobs and careers
Jobs and careers are unrelated to goals
Goals only affect hobbies
Careers determine your goals
