Financial Planning

Financial Planning

10th Grade

25 Qs

quiz-placeholder

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Financial Planning

Financial Planning

Assessment

Quiz

Social Studies

10th Grade

Hard

Created by

John Robinson

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

STATE which of the 6 steps to financial goal planning is represented in this scenario: "Susan begins compiling a detailed summary of her finances."

Determining Your Financial Situation

Developing Your Goals

Identifying Your Options

Evaluate Alternatives

Create and Use a Plan of Action

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

STATE which of the 6 steps to financial goal planning is represented in this scenario: "Marissa, looking to begin shopping for a car, begins writing out what she NEEDS in her car and and she would WANT in her car."

Determining Your Financial Situation

Developing Your Financial Goals

Identifying Your Options

Evaluate Alternatives

Create and Use a Plan of Action

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

STATE which of the 6 steps to financial goal planning is represented in this scenario: "George is using the SMART Goals acronym to plan out the future."

Determining Your Financial Situation

Developing Your Goals

Identifying Your Options

Evaluate Alternatives

Create and Use an Action Plan

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

STATE which of the 6 steps to financial goal planning is represented in this scenario: "Craig decides it's time to expand his newspaper by adding on new staff members."

Determining Your Financial Situation

Developing Your Goals

Identifying Your Options

Evaluate Alternatives

Create and Use a Plan of Action

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The process of projecting, organizing, monitoring, and controlling future income and expenses is known as ..........

Government

Geography

Judicial Branch

Personal Finance

6.

MULTIPLE SELECT QUESTION

1 min • 5 pts

Why is creating a budget so important? (Select all that apply)

It can help you reach your savings goals for what you want or need.

It can help you make better financial decisions.

It can help you see your spending habits so you can adjust them to what you want or need.

It can help you keep track of your neighbor's financial habits.

It can help you get a better job.

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a primary benefit of creating a personal budget?

A) It helps track your neighbor's expenses.

B) It allows you to spend without limits.

C) It helps manage your income and expenses effectively.

D) It guarantees financial success.

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