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Money Matter's Unit 3 Review Flashcards | StudBud
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Money Matter's Unit 3 Review
Money Matter's Unit 3 Review
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Flashcards
15 cards
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Questions
15
Answers
1
Ethics are moral principles or beliefs that direct a persons behavior.
False
True
2
What part of Financial Competence helps you reach important goals and financial security over your lifetime?
Financial Planning
Financial Security
Financial Literacy
Financial Use
3
What is cost-benefit analysis?
Weighing the benifits of an action
Weighing the costs against the benefits
Weighing the costs of an action
Weighing the benefits against the cost
4
How long should medium-term goals take?
1-3 Years
4-10 Years
6-8 Months
1-3 Months
5
What is a Value System?
System that identifies goods
Overall Structure of values and goals that guides your behavior
Your beliefs about what is important and Desirable
Wanting something
6
What part of Management thinks about goals you want to achieve, and what resources you can use?
Thought
Planning
Acting
Evaluating
7
What is the study of the statistical characteristics of the population?
Theologist
Statistics
Monographic
Demographic
8
What are Goods?
Sweet Cakes
Items that are stored
Candy
Tangible Items that can be purchased
9
Evaluation is putting your resources to work to overcome obstacles that stand between you and your goals.
True
False
10
What is a Demographic statistic that records birth,deaths,and marriage?
Hospital statistics
Vital statistics
Economic statistics
Social statistic
11
What does Globalization refer too?
Markets,Links,Communications
Computers,Mouses
Sites,Games,Floors
Food,Pencils
12
What is the process of using resources to reach your goal?
Organizing
Management
Goal
Oppertunity
13
What is the Economic Condition that deals with slow growth?
Unflation
Recession
Slow
Inflation
14
What is the common sense rule?
Don't spend more then you can afford
Overcharge your credit card
Spend until your broke
Pay your dues each month
15
Opportunity cost is the value of the option you gave up
True
False
