Flashcards › PF 1.02 FLASHCARDS

Which is the BEST example of a family value of helping others influencing financial decisions? The Sigmon family decided to spend their emergency savings on: a new stove for the soup kitchen where they volunteer Which is the BEST example of family needs influencing financial decisions? The Martin family decided to spend their emergency savings on: paying bills while Mr. Martin is laid off Which is the BEST example of standards influencing financial decisions? The Darden family decided to spend their tax refund to: keep up with their neighbors by buying a new big-screen television Which is the BEST example of wants influencing financial decisions? The Barton family decided to spend their tax refund to: take a trip they had longed for since their children had grown out of diapers Cal decided to take community college classes the summer after he graduated because high unemployment made it difficult to find summer jobs. Which type of factor MOST LIKELY influenced Cal's decision? The workplace Mandy researched the male/female ratios to help her select between the three universities that sent acceptance letters. She decided on the one with the largest male-to-female ratio. Which type of factor MOST LIKELY influenced Mandy's decision? Demography Since his Bar Mitvah, Ben wears a skull cap at both synagogue and high school. Which type of factor MOST LIKELY influenced Ben's decision? Cultural Since she did not approve of slaughtering animals for their fur, Hilton decided not to purchase a coat with a natural fur collar. Which type of factor MOST LIKELY influenced Hilton's decision? Moral Sabrina saw a scrapbooking kit on TV shopping network and decided immediately to call in an order. Which type of factor MOST LIKELY influenced Sabrina's decision? Media The Perkins have one family member who is employed, another who has just been laid off, and two children in college. They decided to plant a vegetable garden to save money on food. Which type of factor MOST LIKELY influenced the Perkins' decision? Family Sarah's concern over the rate of inflation caused her to set a goal to reduce the amount of money she spends on impulse purchases. Which type of factor MOST LIKELY influenced Sarah's decision? Economic After he made up his mind to quit his job, Mr. Johnson wrote his letter of resignation with no difficulty. Which step in decision-making is this? Put the decision into action At the end of her freshman year at State University, Vera thought about the decision she had made to go to a state-supported university and realized she had made a smart choice. Which step in decision-making is this? Evaluate the outcomes of the decision Mark's car refused to start. He checked an online repair manual, looked at his bank balance, and asked his uncle, who is a mechanic, if he could teach him how to make needed repairs. Which step in decision-making is this? Identify resources and gather information At breakfast, Carla's Dad announced a family trip to visit his mother. At lunch, Mary invited Carla on a shopping trip and Jeff invited Carla to join him for a picnic lunch. Then Carla realized that all the invitations were for the same day and she would have to make a choice. Which step in decision-making is this? Identify the decision to be made Mr. Matthews bought the first box of candy he saw for his wife's birthday. This illustrates a decision made: on impulse Mrs. Dunn always goes to the cleaners around the corner from her job. This illustrates a decision made: from habit Matt's goal is to save his pocket money to buy a used CD player from his cousin who has just bought a new player. Which phrase BEST describes this goal? Not measurable and not time-bound Mary's goal is to put aside money for Christmas presents from May until December. Which phrase BEST describes this goal? Time-bound, but not measurable Ted earns $250 a week from his part-time job. His goal is to save $150 each month to go on a vacation. Which phrase BEST describes this goal? Measurable, but not time-bound PF 1.02 FLASHCARDS

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