Question 1

According to research cited in the text, what is the real difference between A and C students?

Accepted Answer

A students get started early,

Question 2

According to the text, what should you do if are making a schedule and don't know how long a certain task will take?

Accepted Answer

A)  Make an estimate. 
B)  Estimate it, then double that amount of time. 
C)  Ask someone who has done the task before. 
D)  Don't schedule a due date. 
A)  Make an estimate. 
B)  Estimate it, then double that amount of time. 
C)  Ask someone who has done the task before. 
D)  Don't schedule a due date.

Question 3

The need for perfection can cause some people to procrastinate.

Accepted Answer

A) True 
 B)False

Question 4

Although it's tempting, you shouldn't get in the habit of rewarding yourself when you complete tasks on your to-do list, as it will eventually decrease your motivation.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is not one of the questions you should ask yourself before making a purchase in order to help reduce excess spending?

Accepted Answer

A)  Can I borrow a similar item instead? 
B)  Do I have room on my credit card for this purchase? 
C)  Do I want to buy this to satisfy a psychological need? 
D)  Have I allowed for this item in my budget? 
A)  Can I borrow a similar item instead? 
B)  Do I have room on my credit card for this purchase? 
C)  Do I want to buy this to satisfy a psychological need? 
D)  Have I allowed for this item in my budget?

Question 6

The three steps to managing your money are to _________, prioritize your expenses, and create a plan for your money.

Accepted Answer

A)  analyze your spending 
B)  spend less than you ear 
C)  balance your checkbook 
D)  separate your credit and utility bills 
A)  analyze your spending 
B)  spend less than you ear 
C)  balance your checkbook 
D)  separate your credit and utility bills

Question 7

Why is it important to take your time when creating a budget for yourself?

Accepted Answer

An effective budget should be realistic

Question 8

Most financial experts recommend budgeting at least how much of your income toward savings?

Accepted Answer

A)  8% 
B)  10% 
C)  12% 
D)  15% 
A)  8% 
B)  10% 
C)  12% 
D)  15%

Question 9

David and Gwen are two friends who regularly meet up once a week at the local mall and visit stores and shop while they catch up. David and Gwen are most likely engaging in which of the following potentially dangerous activities?

Accepted Answer

A)  Social ambling 
B)  Binge purchasing 
C)  Passive procrastination 
D)  Binge drinking 
A)  Social ambling 
B)  Binge purchasing 
C)  Passive procrastination 
D)  Binge drinking

Question 10

Which of the following is an example of an activity that falls in the category of maintenance time?

Accepted Answer

A)  Exercising at the gym 
B)  Volunteering for the local high school 
C)  Writing reports for work 
D)  Having drinks with friends 
A)  Exercising at the gym 
B)  Volunteering for the local high school 
C)  Writing reports for work 
D)  Having drinks with friends

Question 11

Nicole went online to buy a birthday present for her sister. Just as she was about to finish up and pay, she noticed an advertisement on the side of the Web page featuring a pair of boots that were just her style. She immediately fell in love with them and added them to her purchase. Nicole engaged in ____________.

Accepted Answer

A)  buyer's remorse 
B)  direct marketing 
C)  variable purchasing 
D)  impulse buying 
A)  buyer's remorse 
B)  direct marketing 
C)  variable purchasing 
D)  impulse buying

Question 12

According to a research study published in the Journal of Consumer Research, people with high activity in the area of the brain called the insula are less likely to be big spenders.

Accepted Answer

A) True 
 B)False

Question 13

Since you don't always know how much they will be, you don't need to factor discretionary expenses into your monthly budget.

Accepted Answer

A) True 
 B)False

Question 14

Marla buys a latte from a local coffee shop with her credit card each morning. Why might this be an unwise way to use her credit card?

Accepted Answer

This is a small purchase that could be p

Question 15

The three steps to managing time are analyzing how you use your time, __________, and creating a plan for your time.

Accepted Answer

A)  eliminating your smallest use of time 
B)  prioritizing your activities 
C)  charting your time use 
D)  changing your time use 
A)  eliminating your smallest use of time 
B)  prioritizing your activities 
C)  charting your time use 
D)  changing your time use

Question 16

If you have too much to do and too little time, the most effective and efficient thing to do is to cut back on sleep.

Accepted Answer

A) True 
 B)False

Question 17

According to the text, a __________ is a personal checklist of tasks and activities you need to complete over the course of a certain period of time.

Accepted Answer

A)  to-do list 
B)  schedule 
C)  chore list 
D)  plan of action 
A)  to-do list 
B)  schedule 
C)  chore list 
D)  plan of action

Question 18

The average American household has several credit cards and over $8,000 in credit card debt.

Accepted Answer

A) True 
 B)False

Question 19

Tyreese is a high school student and member of a band. He frequently extends his band practices the day before his school tests, leaving himself very little time at the last minute to study for them. This type of procrastination is called ____________.

Accepted Answer

A)  deferment 
B)  self-handicapping 
C)  slugging 
D)  self-aggrandizing 
A)  deferment 
B)  self-handicapping 
C)  slugging 
D)  self-aggrandizing

Question 20

An essential component of creating a plan for your time is to create a ______, which is a chart showing dates and times when tasks must be completed.

Accepted Answer

A)  to-do list 
B)  schedule 
C)  chore list 
D)  plan of action 
A)  to-do list 
B)  schedule 
C)  chore list 
D)  plan of action

According to research cited in the text, what is the real difference between A and C students?

According to the text, what should you do if are making a schedule and don't know how long a certain task will take?

The need for perfection can cause some people to procrastinate.

Although it's tempting, you shouldn't get in the habit of rewarding yourself when you complete tasks on your to-do list, as it will eventually decrease your motivation.

Which of the following is not one of the questions you should ask yourself before making a purchase in order to help reduce excess spending?

The three steps to managing your money are to _________, prioritize your expenses, and create a plan for your money.

Why is it important to take your time when creating a budget for yourself?

Most financial experts recommend budgeting at least how much of your income toward savings?

David and Gwen are two friends who regularly meet up once a week at the local mall and visit stores and shop while they catch up. David and Gwen are most likely engaging in which of the following potentially dangerous activities?

Which of the following is an example of an activity that falls in the category of maintenance time?

According to a research study published in the Journal of Consumer Research, people with high activity in the area of the brain called the insula are less likely to be big spenders.

Since you don't always know how much they will be, you don't need to factor discretionary expenses into your monthly budget.

Marla buys a latte from a local coffee shop with her credit card each morning. Why might this be an unwise way to use her credit card?

The three steps to managing time are analyzing how you use your time, __________, and creating a plan for your time.

If you have too much to do and too little time, the most effective and efficient thing to do is to cut back on sleep.

According to the text, a __________ is a personal checklist of tasks and activities you need to complete over the course of a certain period of time.

The average American household has several credit cards and over $8,000 in credit card debt.

Tyreese is a high school student and member of a band. He frequently extends his band practices the day before his school tests, leaving himself very little time at the last minute to study for them. This type of procrastination is called ____________.

An essential component of creating a plan for your time is to create a ______, which is a chart showing dates and times when tasks must be completed.

Psychology and Success

Self-Awareness

Goals and Obstacles

Self-Esteem

Positive Thinking

Self-Discipline

Self-Motivation

Communication and Relationships

Filters

Exam 8: Managing Your Resources

According to research cited in the text, what is the real difference between A and C students?

According to the text, what should you do if are making a schedule and don't know how long a certain task will take?

The need for perfection can cause some people to procrastinate.

Although it's tempting, you shouldn't get in the habit of rewarding yourself when you complete tasks on your to-do list, as it will eventually decrease your motivation.

Which of the following is not one of the questions you should ask yourself before making a purchase in order to help reduce excess spending?

The three steps to managing your money are to _________, prioritize your expenses, and create a plan for your money.

Why is it important to take your time when creating a budget for yourself?

Most financial experts recommend budgeting at least how much of your income toward savings?

David and Gwen are two friends who regularly meet up once a week at the local mall and visit stores and shop while they catch up. David and Gwen are most likely engaging in which of the following potentially dangerous activities?

Which of the following is an example of an activity that falls in the category of maintenance time?

According to a research study published in the Journal of Consumer Research, people with high activity in the area of the brain called the insula are less likely to be big spenders.

Since you don't always know how much they will be, you don't need to factor discretionary expenses into your monthly budget.

Marla buys a latte from a local coffee shop with her credit card each morning. Why might this be an unwise way to use her credit card?

The three steps to managing time are analyzing how you use your time, __________, and creating a plan for your time.

If you have too much to do and too little time, the most effective and efficient thing to do is to cut back on sleep.

According to the text, a __________ is a personal checklist of tasks and activities you need to complete over the course of a certain period of time.

The average American household has several credit cards and over $8,000 in credit card debt.

Tyreese is a high school student and member of a band. He frequently extends his band practices the day before his school tests, leaving himself very little time at the last minute to study for them. This type of procrastination is called ____________.

An essential component of creating a plan for your time is to create a ______, which is a chart showing dates and times when tasks must be completed.

Psychology and Success

Self-Awareness

Goals and Obstacles

Self-Esteem

Positive Thinking

Self-Discipline

Self-Motivation

Communication and Relationships

Filters