1.00 Well-Being
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| A goal that will be attained in more than one year | Long-term goal
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| Something a person intends to acquire, achieve, or accomplish in the future | Goal
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| Specific objectives that are accomplished through financial planning | Financial Goals
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| A goal that will be attained in less than one year | Short-term goals
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| The value of the next best alternative that must be forgone as a result of a decision | Opportunity Cost
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| Good or services that are required for survival | Need
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| The value of the next best alternative that must be forgone as a result of a decision | Trade-off
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| A fundamental belief or practice about what is desirable, worthwhile, and important to an individual | Value
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| The desire for goods and services that can increase our quality of life but are not absolutely necessary for our survival | Want
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| Managing money continuously through life in order to reach your financial goals | Financial planning
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| Jenna wants to improve her financial well-being what can contribute the most to her financial well-being | take a personal finance class to learn how to manage her money
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| Jacob is wondering how he can improve his intellectual well-being. How can he contribute the most to his intellectual well-being | Challenge himself by taking on a new project at work
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| Sylas is making a financial plan in one of his classes. When should the end of his financial planning timeline be set? | Never
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| To be happy with what you have | Well-being
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| Does increasing investment risk and reduce your ability to cope with risk and uncertainty | No
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Created by:
Krillxen
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