Dave Ramsey Chapter 12

Question 1

When considering donating to charity:

Accepted Answer

You can start giving your time, money or talents now

Question 2

John D. Rockefeller was a businessman in the early 1900s who is remembered only for his wealth.

Accepted Answer

False

Question 3

To give money, food or other help to a country or organization that needs it

Accepted Answer

aid

Question 4

Delaying the act of giving will make giving less likely in your future.

Accepted Answer

True

Question 5

Your budget should include all of the following except:

Accepted Answer

Lending money to friends

Question 6

All charitable organizations qualify for a charitable contribution deduction.

Accepted Answer

False

Question 7

Practice of providing help and advice to people in a community before they have to ask for it

Accepted Answer

outreach

Question 8

Reduces taxes by the percentage fixed for the taxpayerʹs income bracket

Accepted Answer

tax deduction

Question 9

There is nothing that distinguishes your values and interests from those of other teenagers.

Accepted Answer

False

Question 10

If you commit to following the Five Foundations, you will have more money to give to others.

Accepted Answer

True

Question 11

The Fifth Foundation

Accepted Answer

build wealth and give

Question 12

When donating non-cash items to a charity, which of the following is not recommended?

Accepted Answer

Donating the items to non-local charities

Question 13

Means ʺlove of humanityʺ; identifying and exercising oneʹs values in giving and volunteering

Accepted Answer

philanthropy

Question 14

You can be remembered for positive or negative attributes.

Accepted Answer

True

Question 15

Smart donors support their favorite charities:

Accepted Answer

Long term

Question 16

Is it better to give to many charities or just a few?

Accepted Answer

Just a few

Question 17

Someone who gives money or goods to an organization

Accepted Answer

donor

Question 18

A financial benefit of giving money to charity is that your contribution may be tax deductible

Accepted Answer

True

Question 19

Money is not the only way to give.

Accepted Answer

True

Question 20

Organizations that use money raised to achieve goals rather than distributing them as profit

Accepted Answer

nonprofits

Question 21

The Five Foundations:

Accepted Answer

The beginner steps for establishing/maintaining fin. peace

Question 22

What percentage of American households give to charity?

Accepted Answer

65%

Question 23

Your primary motivation for giving should be:

Accepted Answer

The simple desire to help others

Question 24

You have to wait until you have a large income before you can help others.

Accepted Answer

False

Question 25

When we give to others, we become less self-focused.

Accepted Answer

True

Question 26

An organization set up to provide help and raise money for those in need

Accepted Answer

charitable organization

Question 27

Giving to others should always be in the form of money.

Accepted Answer

False

Question 28

Giving should be:

Accepted Answer

First in your budget

Question 29

Anything handed down from past-something that someone achieve that exists after they're gone

Accepted Answer

legacy

Question 30

Which of the following is not one of the Five Foundations?

Accepted Answer

Build your credit

Question 31

Deeply held beliefs and motivating forces; oneʹs guiding principles

Accepted Answer

core values

Question 32

One of the most important and rewarding things you can do is give.

Accepted Answer

True

Question 33

The Fifth Foundation is Build Wealth and:

Accepted Answer

Give

Dave Ramsey Chapter 12

Questions 33

Dave Ramsey Chapter 12

Questions 33