Exam (elaborations)
CKA Exam Questions and Answers 2024
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Exam of 29 pages for the course CKAD at CKAD (CKA Exam)
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CKA ExamAs you consider your life's vocation, you must determine all of the following, except? -
answer1) Acknowledge that faith makes our calling operative
2) Seek the answer to "Am I called?"
3) Know that conviction is the only way to overcome fear
**4) Would my vocation match my personality
All of the following elements must exist for a Biblical Financial Planning except: -
answer1) Built on biblical wisdom and principles
2) Works for all financial planning decisions
**3) Works only for individuals that have accepted Christ
4) Works under all financial and economic conditions
How many fundamental money management principles are there? - answer5
Which of the following best describes the foundation of a biblical worldview of finance? -
answer God owns it all
According to James 3:16, what is the cause of confusion and every evil thing: - answer
Self-seeking and envy
What can happen when pastors and or ministry leaders speak on money in the church?
- answer Sermons on money can create natural barriers between pastor and
congregation
When following the fundamental money management principles, what is the outcome? -
answerConfidence in financial decisions
Which of the following reasons can explain why financial professionals are in a very
influential position? - answerFinancial decisions reveal the condition of the heart
Which of the following does not describe the current environment? - answer1)About
20% of born again Christians have a biblical worldview
**2)Financial literacy is the same as financial planning
3)There exists confusion within the language used in the church related to money
4)The advertising world adds to the complexity and confusion
Which of the following is not one question that everyone asks? - answer1) Will I ever
have enough money?
**2) Is my portfolio appropriately diversified?
3) How much is enough?
,4) Will my portfolio be enough to last me?
Which of the following verses does not talk about contentment? - answer1) Philippians
4:11-13
2) I Timothy 6:6
**3) Luke 12:24
4) Hebrews 13:5
Which of the following are components in the Disciple-Making Advisor model?
i. Advisor Role
ii. Leadership Role
iii. Stewardship Role
iv. Counselor Role - answeri, ii, and iv
Which of the following is the first step in the Sequential Investing Hierarchy? -
answerEliminate all high interest and short-term debt
Which of the following characterize the world's messages in our culture?
i. I need to have enough to be secure
ii. I need to have enough to be successful
iii. I need to have enough to have be stress-free
iv. I need to have enough to have significance - answeri, ii, and iv
Which of the following differentiate a biblical worldview for financial decisions over that
of a secular worldview? - answerA biblical worldview has an eternal perspective
Which of the following best describes how the church tries to motivate people related to
money decisions? - answerSeeking to shame and guilt
All of the following characterize how money is portrayed in the church, except? -
answer1) Guilt
2) Shame
**3) Regret
4) Fearful
Which of the following is not a use of money? - answer1) Lifestyle
2) Savings or Growing
**3) Avoiding debt
4) Giving money away
Which of the following are current trends related to money?
i. Household wealth is growing dramatically but isolated in the hands of only a few
ii. Few over the age of 65 are financially independent
iii. Many people do not have wills
iv. Most evangelical Christians submit their tithe to their local church - answeri., ii, and iii
, Those that manage their finances according to biblical wisdom and principles will
experience all the following except: - answer1) Contentment under all economic
conditions
2) Confidence in their financial decisions
**3) Eliminate catastrophe's in life
4) Better communication about money
Which of the following is true regarding questions? - answerIt makes the one being
asked the question to think about what they believe
Which of the following questions is everyone asking?
i. How much money is enough?
ii. When will I have enough?
iii. Will I ever have enough?
iv. Will it continue to be enough? - answeri, iii, and iv
Which of the following questions must every Christian answer?
i. Who owns it?
ii. Will I ever have enough?
iii. Where are my finish lines?
iv. Is the next steward chosen and prepared? - answeri, iii, and iv
Which of the following is not true regarding the advisor's place in asking questions? -
answer1) Be careful not to force a decision
**2) Give your professional opinion when you feel it is important
3) Ask questions before giving advice
4) Never be judgmental, critical, or confrontational in your questions
Which of the following are types of questions that can be used?
i. Conceptual clarifying questions
ii. Probing Assumptions
iii. Questioning Viewpoints
iv. Probing implications or consequences - answerAll four
Which of the following is not an objective of the training methodology for the Certified
Kingdom Advisor designation? - answer1)Developing a biblical philosophy of money
and money management
**2)Providing the technical expertise in the financial planning process
3)Develop transferable process of financial decision making
4)Provide a process to become a disciple of Christ, equipped and motivated to disciple
others in biblical financial stewardship.
Which of the following is not a short-term use of money? - answer1) Giving
2) Paying taxes
3) Lifestyle expenditures
**4) Saving and/or investing
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