TASK 1: Unit 2: Goals, Savings, & Interest

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economics

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Kristine Vester

United States

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TASK 1: Unit 2: Goals, Savings, & InterestVersion en ligne Test your knowledge on Unit 2: Goals, Savings, & Interest par Kristine Vester 1 What is a long-term goal? a A goal achieved in 1-5 years. b A goal achieved in less than a year. c A goal planned to achieve in at least 5 years. d A goal that has no time frame. 2 Which of the following is a short-term goal? a Buying a house in 10 years. b Completing a project in 6 months. c Learning a new language in 3 years. d Saving for retirement in 30 years. 3 What defines an intermediate goal? a A goal with no specific timeline. b A goal accomplished in 1-5 years. c A goal that takes less than a year. d A goal that takes over 5 years. 4 Which is an example of a long-term goal? a Reading a book this week. b Running a marathon next month. c Learning to cook in 3 months. d Establishing a successful business in 10 years. 5 What is the time frame for a short-term goal? a Goals accomplished in less than a year. b Goals with no deadline. c Goals planned for over 5 years. d Goals achieved in 1-5 years. 6 Which of the following is an intermediate goal? a Planning a vacation next year. b Graduating from college in 4 years. c Retiring in 20 years. d Writing a book in 6 months. 7 What is a key characteristic of a long-term goal? a It is often spontaneous. b It has no specific outcome. c It requires significant planning and time. d It can be achieved quickly. 8 What does the 'S' in SMART goals stand for? a Sustainable b Simple c Specific d Strategic 9 What does 'A' in SMART goals signify? a Applicable b Advisable c Attainable d Ambitious 10 Which aspect of SMART goals ensures you can track progress? a Attainable b Specific c Measurable d Realistic 11 What is a key characteristic of an 'Attainable' goal? a It should be impossible. b It should be achievable. c It should be vague. d It should be irrelevant. 12 Why is it important for goals to be 'Realistic'? a They should be overly ambitious. b They should be irrelevant. c They should be easy. d They should be feasible and practical. 13 Which letter in SMART goals emphasizes clarity? a M for Measurable b A for Attainable c S for Specific d T for Time Limited 14 What does the 'S' in SMART goals stand for? a Simple b Specific c Strategic d Sustainable 15 Which of the following is a measurable goal? a Boost customer satisfaction b Increase sales by 20% in Q2 c Enhance marketing d Improve sales 16 What does the 'M' in SMART goals represent? a Measurable b Motivational c Milestone d Manageable 17 What does the 'R' in SMART goals stand for? a Realistic b Rapid c Relevant d Rewarding 18 A SMART goal should be: a Clear and specific b Vague and broad c Ambiguous d Unrealistic 19 Which is NOT a characteristic of SMART goals? a Indefinite b Time-bound c Measurable d Specific 20 What type of expenses remain constant each month? a Variable Expenses b Unexpected Expenses c Fixed Expenses d Occasional Expenses 21 Which of the following is a fixed expense? a Electric Bill b Gasoline c Groceries d Mortgage 22 What are variable expenses influenced by? a Usage b Income Level c Time of Year d Location 23 Which expense is considered variable? a Rent b Internet c Car Payment d Grocery 24 What is an example of a fixed expense? a Gasoline b Water Bill c Car Payment d Entertainment 25 Which expense can fluctuate monthly? a Mortgage b Rent c Electric d Internet 26 What type of expense is entertainment classified as? a Recurring Expense b Variable Expense c Fixed Expense d Necessary Expense 27 Which of these is NOT a fixed expense? a Gasoline b Internet c Rent d Mortgage 28 What type of expense includes water bills? a Savings Expenses b Fixed Expenses c One-Time Expenses d Variable Expenses 29 Which expense is least likely to change monthly? a Grocery b Electric c Rent d Gasoline

TASK 1: Unit 2: Goals, Savings, & InterestVersion en ligne

Test your knowledge on Unit 2: Goals, Savings, & Interest

par Kristine Vester

What is a long-term goal?

A goal achieved in 1-5 years.

A goal achieved in less than a year.

A goal planned to achieve in at least 5 years.

A goal that has no time frame.

Which of the following is a short-term goal?

Buying a house in 10 years.

Completing a project in 6 months.

Learning a new language in 3 years.

Saving for retirement in 30 years.

What defines an intermediate goal?

A goal with no specific timeline.

A goal accomplished in 1-5 years.

A goal that takes less than a year.

A goal that takes over 5 years.

Which is an example of a long-term goal?

Reading a book this week.

Running a marathon next month.

Learning to cook in 3 months.

Establishing a successful business in 10 years.

What is the time frame for a short-term goal?

Goals accomplished in less than a year.

Goals with no deadline.

Goals planned for over 5 years.

Goals achieved in 1-5 years.

Which of the following is an intermediate goal?

Planning a vacation next year.

Graduating from college in 4 years.

Retiring in 20 years.

Writing a book in 6 months.

What is a key characteristic of a long-term goal?

It is often spontaneous.

It has no specific outcome.

It requires significant planning and time.

It can be achieved quickly.

What does the 'S' in SMART goals stand for?

Sustainable

Simple

Specific

Strategic

What does 'A' in SMART goals signify?

Applicable

Advisable

Attainable

Ambitious

Which aspect of SMART goals ensures you can track progress?

Attainable

Specific

Measurable

Realistic

What is a key characteristic of an 'Attainable' goal?

It should be impossible.

It should be achievable.

It should be vague.

It should be irrelevant.

Why is it important for goals to be 'Realistic'?

They should be overly ambitious.

They should be irrelevant.

They should be easy.

They should be feasible and practical.

Which letter in SMART goals emphasizes clarity?

M for Measurable

A for Attainable

S for Specific

T for Time Limited

What does the 'S' in SMART goals stand for?

Simple

Specific

Strategic

Sustainable

Which of the following is a measurable goal?

Boost customer satisfaction

Increase sales by 20% in Q2

Enhance marketing

Improve sales

What does the 'M' in SMART goals represent?

Measurable

Motivational

Milestone

Manageable

What does the 'R' in SMART goals stand for?

Realistic

Rapid

Relevant

Rewarding

A SMART goal should be:

Clear and specific

Vague and broad

Ambiguous

Unrealistic

Which is NOT a characteristic of SMART goals?

Indefinite

Time-bound

Measurable

Specific

What type of expenses remain constant each month?

Variable Expenses

Unexpected Expenses

Fixed Expenses

Occasional Expenses

Which of the following is a fixed expense?

Electric Bill

Gasoline

Groceries

Mortgage

What are variable expenses influenced by?

Usage

Income Level

Time of Year

Location

Which expense is considered variable?

Rent

Internet

Car Payment

Grocery

What is an example of a fixed expense?

Gasoline

Water Bill

Car Payment

Entertainment

Which expense can fluctuate monthly?

Mortgage

Rent

Electric

Internet

What type of expense is entertainment classified as?

Recurring Expense

Variable Expense

Fixed Expense

Necessary Expense

Which of these is NOT a fixed expense?

Gasoline

Internet

Rent

Mortgage

What type of expense includes water bills?

Savings Expenses

Fixed Expenses

One-Time Expenses

Variable Expenses

Which expense is least likely to change monthly?

Grocery

Electric

Rent

Gasoline

TASK 1: Unit 2: Goals, Savings, & Interest

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