PFL Unit 1 Test Review

PFL Unit 1 Test Review

12th Grade

37 Qs

quiz-placeholder

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PFL Unit 1 Test Review

PFL Unit 1 Test Review

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Gary Taylor

Used 8+ times

FREE Resource

37 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Objective to be attained in a specific amount of time.

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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