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PF: Money Management Flashcards | StudBud
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PF: Money Management
PF: Money Management
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Questions
20
Answers
1
A goal that will be met in 54 weeks would be considered what kind of goal?
Average
Long
Intermediate
Short
2
Saving money can be considered an expense, what would this expense be called?
Emergency
Savings
My Expense
PYF
3
A goal that will be met in 16 weeks would be considered what kind of goal?
Intermediate
Long
Average
Short
4
The ideas and beliefs that are the most important to you are called your what?
ethics
values
morals
ideals
5
What you spend your money on
revenue
budget
income
expense
6
Buying a birthday gift would be an example of what kind of expense?
fixed
variable
periodic
costly
7
Which of the following would be the last step in a decision making process?
Evaluate the results
Define your goal
Establish your criteria
Decide what's best
8
Waiting until you can afford something is an example of:
needs vs wants
spending plan
opportunity cost
delayed gratification
9
A detailed description of your going to use money to pay for things is a(n)
revenue
income
expense
budget
10
Which of the following would be the first step in a decision making process?
Evaluate the results
Establish your criteria
Define your goal
Decide what's best
11
What you give up in order to have something later is called the __________ of the decision.
opportunity cost
delayed gratification
needs vs wants
spending plan
12
A goal that will be met in 10 weeks would be considered what kind of goal?
Short
Average
Long
Intermediate
13
Money you receive is for doing work:
revenue
budget
income
expense
14
Goals should be created to be SMART, the "M" stands for
Mastered
Meaningful
Meh
Measurable
15
A mortgage (house) payment would be an example of what kind of expense?
periodic
variable
costly
fixed
16
Goals should be created to be SMART, the "S" stands for
Super
Specific
Special
Standard
17
Goals should be created to be SMART, the "T" stands for
Thoughtful
Transferable
Time-bound
Training
18
A credit card bill would be an example of what kind of expense?
fixed
periodic
costly
variable
19
Goals should be created to be SMART, the "R" stands for
Reportable
Respectable
Relevant
Recorded
20
Goals should be created to be SMART, the "A" stands for
Artistic
Accomplished
Attainable
Automatic