Deck 9: Time and Money: Effective Resource Management

Question 1

Experts suggest you put away this much money from your monthly income in savings.

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

Answer 1

B

Question 2

It is suggested that the average American carries approximately how much in credit card debt?

A) $5,000
B) $10,000
C) $15,000
D) $20,000

Answer 2

B

Question 3

Poverty consciousness refers to:

A) the fear of money.
B) the fear of large dividends.
C) the fear of derivatives.
D) the fear of the lack of money.
E) School Loan Debt

Answer 3

D

Question 4

Which of the following is NOT a tip for how to save money?

A) Keep a spending journal.
B) Only keep two credit cards.
C) See each purchase as an "investment."
D) Live a sustainable lifestyle.
E) Freeze your credit cards.

Question 5

Which of the following is NOT a tip from Suzie Orman?

A) Save and invest
B) Put your money to work for you.
C) The best financial advisor is you.
D) Adopt a healthy attitude about money.
E) Only allow yourself to buy impulse items a few times a year.

Question 6

It is suggested that the average college student carries roughly how much credit card debt?

A) $2,000
B) $3,000
C) $4,000
D) $5,500

Question 7

What is one of the biggest complaints heard over the millennia and millenia?

A) Not having enough money
B) Not having enough time
C) Not having enough help
D) Not having enough paid hours at work

Question 8

Time management is best defined as:

A) prioritization to personal satisfaction.
B) doing your favorite tasks first.
C) Using Outlook on your Ipad or smartphone
D) wearing a watch and using it
E) None of these

Question 9

What is time mapping?

A) A technique used to designate your leisure time
B) A technique used on a computer to schedule your day
C) A technique used to designate specific parts of each hour
D) None of these

Question 10

Which of the following is not a scheduling technique?

A) Clustering
B) Networking
C) Boxing
D) Prioritizing
E) Networking and Prioritizing

Question 11

What are the primary purposes of time management?

A) Editing personal daily schedule to essential responsibilities
B) Minimizing time deadline stressors and avoiding procrastination of major tasks
C) Creating a list of short- and long-term goals and rewarding yourself on the accomplishments
D) Prioritizing, adequately scheduling, and executing responsibilities to satisfaction

Question 12

Time robbers are:

A) techniques to avoid procrastination.
B) things that allow you more leisure time.
C) things that steal your time from what really needs attention.
D) people who break into your homes and steal clocks, computers

Question 13

Which of the following is not a form of time management?

A) Multi-tasking
B) Making lists
C) Being assertive
D) Cultivating networking skills

Question 14

Letting technology serve you rather than you serving it is an example of:

A) being assertive.
B) multi-tasking.
C) a time robber.
D) a time-management tip.

Question 15

The average person binge watches about how many hours of television a week?

A) 10-15 hours
B) 15-25 hours
C) 20-30 hours
D) 30-40 hours
E) 40-50 hours

Question 16

The biggest obstacle of time management is:

A) the ego.
B) Facebook and Twitter.
C) television and smartphones.
D) adequate sleep.

Question 17

The biggest benefit from time management is:

A) less time.
B) flexibility.
C) empowerment.
D) optimal health.
E) None of these

Question 18

Which is not a suggested method of time management

A) Time mapping, scheduling, multi-tasking
B) Clustering, time mapping, scheduling
C) Scheduling, clustering, ABC Rank Order Method
D) All of these

Question 19

Freezing your credit cards in ice is one recommended way to keep out of debt.

Question 20

Neuromarketing is a new term to describe your shopping preferences based on MRI brain scans.

Question 21

Television programming, perhaps more so than advertisements, offers a subliminal message to encourage you to live outside your means.

Question 22

The fear of not having enough money can become a self-fulfilling prophecy.

Question 23

Procrastination constitutes the greatest percentage of time-robbing efforts.

Question 24

The best time management techniques for dealing with distractions is to clear your workspace.

Question 25

Regarding time management skills, it is best to have several possible completion times to avoid the stress of failure

Question 26

Please define the following terms or concepts in no more than two sentences and give an example to support each definition.
A. ABC rank-order method
B. Art of subtraction
C. Clustering
D. Dismantling
E. Execution (action plan)