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Financial Literacy Test Decision making Exam Questions and Answers
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  • Financial Literacy
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  • Financial Literacy

Applying skills related to money describes which of the following? - Answer-financial literacy Which of the following is NOT an example of being financially literate? - Answer-creating a budget Self-acceptance is an element of which level of Maslow's Hierarchy of needs? - Answer-self-actualiz...

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  • October 13, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • financial literacy test decision making exam quest
  • applying skills related to money describes which o

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  • Financial Literacy
  • Financial Literacy

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Financial Literacy Test Decision making
Exam Questions and Answers
Applying skills related to money describes which of the following? - Answer-financial
literacy

Which of the following is NOT an example of being financially literate? - Answer-
creating a budget

Self-acceptance is an element of which level of Maslow's Hierarchy of needs? - Answer-
self-actualization

Friendship and family is an element of which level of Maslow's Hierarchy of needs? -
Answer-love and belonging

Food, water, and shelter is an element of which level of Maslow's Hierarchy of needs? -
Answer-physiological needs

Liking ourselves is an element of which level of Maslow's Hierarchy of needs? - Answer-
self-esteem

Employment is an element of which level of Maslow's Hierarchy of needs? - Answer-
safety and security

The "S" in SMART goal refers to which of the following descriptions - Answer-detail
describing the goal and what is needed to be done to achieve the goal

The "T" in SMART goal refers to which of the following descriptions - Answer-having a
deadline of when the goal needs to be completed

The "M" in SMART goal refers to which of the following descriptions - Answer-objective
way of determining if the goal has been reached

The "R" in SMART goal refers to which of the following descriptions - Answer-possible

The "A" in SMART goal refers to which of the following descriptions - Answer-probable

Which of the following is a decision making process that weights the cost the benefits of
the action? - Answer-cost-benefit analysis

Which of the following is a decision making process that measures the benefit against
the cost of adding 1 more unit? - Answer-marginal analysis

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