5 Questions
What is the definition of 'need'?
Require (something) because it is essential or very important rather than just desirable.
What are some examples of financial needs?
Housing, Transportation, Medical Bills
What is the purpose of a need?
To give purpose and direction to behavior.
What is the importance of a need analysis process for organizations?
It helps organizations become proactive in approaching potential issues before they become actual problems.
What is the definition of 'want'?
To have a desire to possess or do something; to wish for.
Test your knowledge on needs and wants in personal finance with this quiz. Identify the essential expenses that are necessary for your everyday life and learn how to prioritize them effectively. Explore topics such as housing, transportation, and medical needs while gaining valuable insights into managing your finances.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
