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- 1. Multiple ChoiceSpecific objectives that are accomplished through financial planningfinancial goalsfinancial planningfinancial well-beingwell-being
- 2. Multiple ChoiceManaging money continuously through life in order to reach your financial goalswell-beingfinancial goalsfinancial planningfinancial well-being
- 3. Multiple ChoiceManaging money in ways that build a sense of understanding, competence, and controlfinancial goalswell-beingfinancial planningfinancial well-being
- 4. Multiple Choice
Consumers purchase goods and services
to satisfy their basic needs and wants
to keep up with social trends
because businesses use marketing to make them
to keep the economy afloat
- 5. Multiple Choice
Consumer decision-making refers to the ways individuals make choices about which products they will purchase to satisfy their needs and wants. The process differs depending on whether the purchase is minor or major. Which of the following is an example of a major decision?
groceries
a pair of shoes
a new home
the latest game
- 6. Multiple Choice
For a major purchasing decisions, consumers need to: (which one is incorrect)
Identify needs and wants
Collect information about products options
Evaluate the product alternatives against a set of criteria
Make purchasing decisions that consider the short- and long-term financial consequences
Buy the first product you see because you like it
- 7. Multiple Choice
Which of the following is not a factor that affects decision making?
Personal
Social
Economic
Cultural
Attitude
- 8. Multiple Choice
Personal factors that influence consumer purchasing decisions include ( more then one answer)
Age
Marketing
Occupation
Personal Taste
- 9. Multiple Choice
FINANCING DECISIONS RELATE TO THE
DIVIDEND DECISIONS
ASSETS PROCUREMENT
RESREVE BUILDING
ACQUISITION OF CAPITAL
- 10. Multiple Choice
What is required for carrying out business activites?
Cash
Debt
Equity Shares
Money
- 11. Multiple Choice
Financial Planning helps in...
Managing Business
Managing Human Resources
Forecasting Business Situations
All of the above
- 12. Multiple Choice
Our financial decisions decrease once we reach adulthood.
true
false
- 13. Multiple Choice
As we age, the number and complexity of the financial decisions that we make increases.
true
false
- 14. Multiple Choice
There are two the means for achieving financial goals--you either need to increase your savings or reduce your spending.
True
False
- 15. Multiple Choice
Personal financial planning is the process of creating and achieving financial goals.
true
false
- Answer choicesTagsAnswer choicesTags