
Understanding Wants and Needs

Quiz
•
Financial Education
•
10th Grade
•
Hard
sara elsayed
FREE Resource
8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary difference between a want and a need?
A want is a desire for non-essential items, while a need is essential for survival.
A need is a luxury item, while a want is a basic necessity.
A want is always more important than a need.
Wants and needs are the same and can be used interchangeably.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary difference between a want and a need?
A want is a desire for non-essential items, while a need is essential for survival.
A need is a luxury item, while a want is a basic necessity.
A want is always more important than a need.
Wants and needs are the same and can be used interchangeably.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
List three personal wants you have right now.
A fancy dinner at a five-star restaurant
A new car to drive
A subscription to a streaming service
1. A new book to read, 2. A vacation to a tropical destination, 3. A new gadget to enhance productivity
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify two essential needs that everyone has.
Health and technology
Transportation and education
Food and shelter
Clothing and entertainment
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can excessive wants impact your budgeting?
Excessive wants can improve financial discipline and planning.
Excessive wants have no effect on budgeting at all.
Excessive wants can disrupt budgeting by leading to overspending and insufficient funds for essential expenses.
Excessive wants can help save money for future investments.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can excessive wants impact your budgeting?
Excessive wants can improve financial discipline and planning.
Excessive wants have no effect on budgeting at all.
Excessive wants can disrupt budgeting by leading to overspending and insufficient funds for essential expenses.
Excessive wants can help save money for future investments.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What strategies can you use to manage your wants effectively?
Focus solely on short-term pleasures
Prioritize, budget, practice delayed gratification, and review goals.
Spend without tracking expenses
Ignore your desires completely
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What strategies can you use to manage your wants effectively?
Focus solely on short-term pleasures
Prioritize, budget, practice delayed gratification, and review goals.
Spend without tracking expenses
Ignore your desires completely
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