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- 1. Multiple ChoiceChoose the word that best completes the sentence below. A ___________ is usually a step to a long-term goal.goalgoal settinglong-term goalmid-term goal
- 2. Multiple ChoiceChoose the word that best completes the sentence below. A _________ is an aim or purpose.goal settinggoalshort-term goalmid-term goal
- 3. Multiple ChoiceWhat is this:
Something you are trying to reach or achieve in the future.wantsa budgeta goalrealism - 4. Multiple ChoiceWhat is goal setting?Picking up a coffee mug and setting it down on a table that says goal.Finding something that you want to accomplish and figuring out a plan to reach it.Figuring out a plan to not use any money for the rest of your lifeAccomplishing all of your goals in two minutes
- 5. Multiple ChoiceWhat does the 'S' in SMART stand for?SpecialSmartSpecificSelective
- 6. Multiple Choice12. What does the 'R' in SMART stand for?ReliableRealisticReallyRemarkable
- 7. Multiple ChoiceA long term goal is....weeks to monthsdays to weeksmonths to yearshours to days
- 8. Poll
When you go to bed at night, do you ever think about things you'd like to do the next day?
Yes
No
- 9. Poll
Do you ever write lists of things you need to do or things you want to remember?
Yes
No
- 10. Poll
Do you find it easier to do something or learn something if you are clear what the end point will be?
Yes
No
- 11. Multiple ChoiceAn example of a performance goal ismastering Microsoft Excellearning precision machinery techniquesunderstanding the basics of hotel managementcompleting your financial-planning certification
- 12. Multiple ChoiceWhich of the following is a benefit of goal settingdistracting you from your targetimpressing other people with your goalsensuring you accomplish all your goalsproviding a way to measure your progress
- 13. Multiple ChoiceMotivation means:a foreboding about what is going to happena short pithy instructive sayinga member of the working classpsychological feature arousing action toward a desired goal
- 14. Multiple Choice
Explain the difference between "needs" and "wants" in financial planning.
"Needs" are non-essentials like music CDs, while "wants" are essentials like food, shelter, and clothing.
There is no difference between "needs" and "wants."
"Needs" are essentials like food, shelter, and clothing, while "wants" are non-essentials such as movies and eating out.
"Needs" are things you want, while "wants" are things your parents think you should save up for.
- 15. Multiple ChoiceAs an investor, if you wanted to diversify your retirement portfolio, which financial product should you select?StockMutual fundBondBitcoin
- 16. Multiple ChoiceThe internet is a good place to find information on mutual funds.TrueFalse
- Answer choicesTagsAnswer choicesTags