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WorksheetsPersonal Finance
Total questions: 23
Worksheet time: 12mins
The following have a long-term, lasting effect on a person's life:
Routine decisions
Hasty decisions
Major decisions
Short term decisions
What is a value?
A fundamental belief or practice about what is desirable, worthwhile, and important to an individual
Thoughts that are created independently with no external influence
Beliefs or practices that all individuals share and agree upon
Ideas that individuals are born with and are not influenced by daily experiences
What is the definition of a major decision?
Made on a day-to-day basis without a lot of thought
Choices that have long-term effects on a person's life
May become a habit
The process of identifying personal interests
What is a need?
Something that an individual would like to have, but won't die without it
Things are physical items
Items that are neccessary for survival
Having someone complete a task for you
A type of major decision that has an impact on an individuals or family's well being is:
Routine decision
Hasty decision
Major decision
Financial decision
Which step is not part of the decision making process?
Identify the problem
List alternatives
Decide without considering consequences
Evaluate the results
The state of being happy, healthy and prosperous
Decisions
Well being
Values
Decision
What is a want?
Something that an individual would like to have, but won't die without it
Things that are physical items
Items that are necessary for survival
Having someone complete a task for you
Which characteristic does not describe both routine and major decisions?
Affect a person's life
Guided by individuals values
Can be made without thinking and may become a habit
Contribute to an individual's or family's well-being
What of the following are the steps in the decision making process?
Guess the answer, ask a friend, hope for the best.
Identify the problem, list the alternatives, decide, evaluate the results
Make a plan, ignore options, pick the first choice
Describe the situation, talk to everyone, wait for someone to decide
Something that a person intends to accomplish is a:
Dream
Task
Goal
Suggestion
Which of the following is an example of a short-term goal?
Saving money for a new car
Reading one book this month
Graduating from high school
Traveling to another country someday
Which of the following is an example of a long-term goal?
Running a mile in under 10 minutes by the end of the month
Completing your homework tonight
Learning to play a new song on the guitar this week.
Earning a college degree in four years.
The following elements describe a SMART goal:
Specific, Measurable, Attainable, Realistic, Time Bound
Short, Measurable, Action, Realistic, Time Bound
Specific, Monetary, Attainable, Recognize, Temporary
Short term, Mandatory, Attainable, Repetition, Timely
Specific objectives to be accomplished through financial planning
Short term goal
Long term goal
Financial goal
Education goal
Help individuals prepare for success in the workplace
Short term goal
Long term goal
Financial goal
Education goal
Food, water, clothing and shelter are all examples of a:
Wants
Values
Needs
Desires
These types of decisions are made on a regular, often day-to-day, basis:
Major decisions
Practical decisions
Routine decisions
Irregular decisions
Courage, compassion, honesty, and creativity are examples of:
Wants
Values
Needs
Desires
What is a decision?
A way to solve a math problem
A choice made between two or more options
A story about what happened in the past
A plan to complete homework
A brand new 2024 Chevrolet Tahoe, a pair of the latest release sneakers, and a new Iphone 16 are all considered:
Wants
Desires
Needs
Values
Guides individuals to think through all components of making a good decision for a major decision
Major Decisions
Well being
Values
Decision making process
How do you spell your teachers name?
Mr. Sandford
Mr. Sandyford
Mr. Sandeford
Mr. Sanderford
