Understanding Wants and Needs

Understanding Wants and Needs

10th Grade

8 Qs

quiz-placeholder

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Understanding Wants and Needs

Understanding Wants and Needs

Assessment

Quiz

Financial Education

10th Grade

Hard

Created by

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