GFL Strand 2, Standard 1, DOK 1

GFL Strand 2, Standard 1, DOK 1

11th Grade

20 Qs

quiz-placeholder

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GFL Strand 2, Standard 1, DOK 1

GFL Strand 2, Standard 1, DOK 1

Assessment

Quiz

Business

11th Grade

Medium

Created by

Adam Hunt

Used 12+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a primary benefit of personal financial planning?

It guarantees financial success regardless of income.

It eliminates the need for budgeting.

It helps reduce stress and anxiety about money.

It ensures that all investments are profitable.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a key principle of financial management?

Differentiating between needs and wants

Paying yourself first by saving a portion of income

Spending all earnings before saving or investing

Understanding how taxes impact take-home pay

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does "pay yourself first" mean in financial planning?

Spending money on personal enjoyment before paying bills

Allocating a portion of income to savings before other expenses

Paying off credit cards before other debts

Ensuring all purchases are made with cash only

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does financial stress impact decision-making?

It often leads to impulsive and short-term financial choices.

It improves the ability to plan long-term investments.

It increases the likelihood of saving money.

It ensures that all purchases are rational and well-researched.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common emotional influence on financial decision-making?

Logical analysis of investment returns

Fear leading to overly cautious financial choices

Relying only on professional financial advice

Ignoring emotions entirely when making financial choices

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes a financial habit that promotes stability?

Relying on credit cards for daily purchases

Making unplanned purchases frequently

Sticking to a monthly budget and tracking expenses

Spending money as soon as it is earned

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do cultural values influence financial decision-making?

They have no impact on financial habits.

They shape attitudes toward saving, spending, and wealth-building.

They prevent people from making rational financial choices.

They force individuals to follow strict financial rules.

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