Objective to be attained in a specific amount of time.

PFL Unit 1 Test Review

Quiz
•
Social Studies
•
12th Grade
•
Medium
Gary Taylor
Used 8+ times
FREE Resource
37 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Entitlement
Goal
Ethics
Needs
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Necessities a person must have to survive.
Values
Resource
Needs
Goal
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Process of setting financial goals and developing plans to reach them while meeting financial needs.
Cost-benefit analysis
Technology
Opportunity cost
Personal financial planning
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Things that a person desires but can live without are ___________.
Needs
Ethics
Values
Wants
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An overview of an individual’s current financial position and strategies to meet future financial aspirations is referred to as ___________.
Financial literacy
A financial plan
A value system
Ethics
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Set amount that you must pay each budget period.
Variable expense
Fixed expense
Budget
Emergency fund
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cost that changes both in the amount and time it must be paid.
Variable expense
Fixed expense
Budget
Emergency fund
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