stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Strand 1 Review for Financial Litearcy Flashcards | StudBud
Explore
/
Strand 1 Review for Financial Litearcy
Strand 1 Review for Financial Litearcy
16 terms
·
StudBud Administration
·
68 plays
Strand 1 review for General Financial Literacy (Utah).
Flashcards
16 cards
F
Practice quiz
P
Host live
L
Questions
16
Answers
1
R in Smart Goals stands for
Realistic
Random
Relevant
Ready
2
DUMB goals allow for you to dream and be a little more reckless. SMART goals encourage you to stay in line with reality.
True
False
3
Which of the following goals is the best example of a long-term goal?
buy a car in three years
Goal to have a $3000 emergency fund in five years
Buy a cell phone in eight weeks.
Plan to go on vacation in five months
4
T in Smart Goals stands for
Time Bound
Terrific
Trusting
True
5
Another term for OPPORTUNITY COST is trade off.
True
False
6
How ready are you feeling for the Quarter 3 BM Test TOMORROW?
Let's go! READY!!!
ehhh- we will see what happens.
We have a test today?
YIKESSSSSSSS
7
In goal setting, SMART stands for:
Specific, Measurable, Attainable, Realistic/Relevant and Time Bound
Specific, Movable, Achievable, Realistic and True
Sincere, Measurable, Artistic, Realistic and Time Bound Previous Next
Spontaneous, Marketable, Attainable, Reasonable and True
8
I didn't get to sleep in because I had to get to school by 7:30am. This is an example of:
Opportunity Cost
Scarcity
Economics
Strict Parents
9
S in smart stands for
Sudden
Super
Sincere
Specific
10
M in Smart Goals stands for
meaningful
Molded
measurable
Morbid
11
A in Smart Goals stands for
awesome
alluring
Attainable
Alone
12
Which of the following is a need?
Designer Jeans
Cool new car
Cell Phone
Shelter
13
Which is an example of a want?
Shelter
Clorthing
Water
Cell Phone
14
If we value something, we are LESS likely to spend money on it.
True
False
15
I will have LOTS of money in savings when I retire at 50. What SMART goal is missing in the above sentence?
Relevant
Measurable
Sincere
Time-bound
16
Which option is an example of an Intermediate Goal?
Getting married in the year of 2030.
getting an A on this test.
Buying a house in the year of 2027.
Making the football team next school year.
