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Financial Literacy Chapter 12- Giving Flashcards | StudBud
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Financial Literacy Chapter 12- Giving
Financial Literacy Chapter 12- Giving
30 terms
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StudBud Administration
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26 plays
A Quiz for Chapter 12
Flashcards
30 cards
F
Practice quiz
P
Host live
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Questions
30
Answers
1
You can be remembered for positive or negative attributes.
True
False
2
You have to wait until you have a large income before you can help others.
True
False
3
Anything handed down from the past; been achieved and continues to exist after they are gone
Antique
Legacy
4
Delaying the act of giving will make giving less likely in your future.
False
True
5
Your budget should include all of the following except:
Spending
Saving
Giving
Lending money to friends
6
There is nothing that distinguishes your values and interests from those of other teenagers.
True
False
7
Someone who gives money or goods to an organization:
Donor
Provider
8
If you commit to the following Five Foundations, you will have more money to give to others.
True
False
9
Your primary motivation for giving should be:
Whether or not your friends are doing it
The simple desire to help others
What others will think of you
Tax deductions
10
One financial benefit of giving money to charity is that it is tax deductible.
True
False
11
The practice of providing help and advice to people in a community before they ask for it:
Outreach
Sponsor
12
The Fifth Foundation is Build Wealth and:
Keep it all for yourself
Stay out of debt
Give
Save
13
When considering donating to a charity:
When tutoring or giving lessons you must have college degree
You should wait and see what your friends give
You should have a large income
You can start giving your time, money or talents now
14
To give money, food or other help to a country or organization that needs it:
Aid
Voluntary
15
Which of the following is not one of the Five Foundations
$500 Emergency Fund
Build wealth and give
Pay Cash for Car
Build your Credit
16
Which of the following is a way that giving to others can benefit you?
Sacrificing creates a legacy
It gives you a sense of purpose and fullfillment
Giving helps you build relationships
All of the above
17
Organizations that use money raised to achieve goals rather than distributing them as profit
Fundraisers
Nonprofits
18
Money is not the only way to give.
True
False
19
Traits or qualities that represent an individual's highest priorities:
Core Values
Rules
20
An organization set up to provide help and raise money for those in need:
Charitable Organization
Business Organization
21
What percentage of American households give to charity?
20%
5%
65%
100%
22
Which should you consider when selecting a nonprofit which you'd like to contribute?
How well-run the organization is
All the above
Your values and beliefs
It's commitment to accountability and transparency
23
A reduction in the gross amount on which a tax is calculated:
Tax Deduction
Tax Expense
24
The Fifth Foundation:
Save a $500 Emergency Fund
Build Wealth and Give
25
When we give to others, we become less self-focused.
True
False
26
Smart donors support their favorite charities:
Short term and then move on to other charities
Long term
It is unusual for a donor to have a favorite charity
Once a year
27
Means "love of humanity"
Caregiving
Philanthropy
28
One of the most important and rewarding things you can do is give.
False
True
29
Is it better to give to many charities or just a few?
Doesn't matter
Just a few
None at all
Many
30
John D Rockefeller was a businessman in the early 1900's who is remembered only for his wealth.
False
True