| A | B |
|---|
| When is your spending plan complete? | Spending plans are always under revision so they are never complete. |
| David made a mistake in his checking account recordkeeping and spent $10 more than he had deposited in his account. As a result, he can expect to be charged a/an: | overdraft fee. |
| Brett is creating a Statement of Financial Position and needs to list his assets. Which of the following should he not list as an asset? | Money in the paycheck he will receive next week |
| Carter wants to participate in an activity that will improve his well-being. Which activity would contribute the most to his well-being? | An activity that makes him lose track of time |
| Amber’s academic adviser has asked her to set 3 academic goals for this semester. These goals are most likely to be accomplished if: | Amber writes her goals down. |
| Mark and Susan, a recently married couple with full-time jobs, set a goal of putting $200 in savings every month to make a down payment on a home in five years. What type of goal have they set? | Long-term |
| Jacob is wondering how he can improve his intellectual well-being. Which would contribute the most to his intellectual well-being? | Challenging himself by taking on a new project at work |
| Kaylee will save her allowance of $25 per month to purchase a $150 MP3 player in six months. This is an example of what type of goal? | Short-term goal |
| Erica wants her class project to reflect her values. Which items would be best to include? | Things that reflect her fundamental beliefs about what is worthwhile and important to her |
| What would be considered a contractual expense? | cell phone |
