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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
25 terms
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StudBud Administration
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Financial Literacy questions and concepts
Flashcards
25 cards
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Practice quiz
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Questions
25
Answers
1
What is a financial goal?
Achieved by going to school
Achieved through financial planning
Achieved by wearing that shirt next week
Achieved by going to the movies
2
Maslow's Hierarchy of Needs has ___ levels
2
5
3
4
3
What does the "A" in SMART Goal stand for?
Allow
Always
Attainable
After
4
What is step 3 in the Decision Making process
Evaluate the decision
Decide
List alternatives
Identify the problem
5
What is a Value?
Something we have to have to survive
Something important to us.
Something that we are born with.
6
What is a short term goal?
Going to college
Takes longer than a year to achieve
You will finish the goal by the time you graduate HS
Takes a year or LESS to acheive
7
What is a routine decision
What to do with your birthday money
Buying a car
Going to college
A decision that is made everyday, does not affect your life.
8
What is the difference between a goal and a value?
Values are mission statements all companies have
Values are goals; Goals are values
Values are beliefs; goals have a timeline
None of the above
9
What is a financial decision?
How to make a decision
Going to school in the morning
Involves money and impacts an individuals wellbeing
Something you do on a daily basis
10
What is wellbeing?
State of being happy and healthy.
Being wealthy
Being Sad
Being Mad
11
What is an education goal?
Going to do something with your friends
A goal you have regarding your education
What shirt you will wear next week
Spending money on yourself
12
What does the "S" stand for in SMART GOAL?
Silly
Studpid
Smart
Specific
13
What is a want?
Something that will make a person happier.
Clothing
Something that you need by tomorrow or you will die
Water
14
What is step 2 in the Decision Making Process
Identify the problem
Evaluate the decision
Decide
Identify alternatives
15
What does the "T" in SMART Goal stand for?
Time Bound
Timer
Timber
Time Hop
16
What does the "R" in SMART Goal stand for?
Reliable
Really
Restroom
Realistic
17
What is a need
Car
Swimming Pool
Something required for survival
Cell Phone
18
What is a major decision?
A decision that will impact your life greatly
How to do your hair
Eating cereal for breakfast
What shirt you will wear
19
What does the "M" stand for in SMART goal?
Megan
Mighty
Mearsurable
Mean
20
What is step 4 in the Decision Making Process?
Evaluate the decision
Decide
List alternatives
Identify the problem
21
What is a goal?
Something a person intends to accomplish
Listening to your friends
Spreading a rumor
Capturing a moment in time
22
The _________ level deals with food and shelter
safety
self-actualization
self-esteem
physiological
23
What is a long term goal?
Getting your homework done
Takes a year or MORE to achieve
What you will wear tomorrow
Going to the game tonight
24
An example of a need is to have my car washed
True
False
25
What is step 1 in the Decision Making Process?
Identify Alternatives
Identify the Problem
Decide
Evaluate the decision
