Podcast
Questions and Answers
What type of goal focuses on the actions required to achieve an outcome?
What type of goal focuses on the actions required to achieve an outcome?
- Outcome goal
- Process outcome goal
- Performance goal
- Process goal (correct)
What is the primary difference between a need and a want?
What is the primary difference between a need and a want?
- A need is essential, while a want is something you would like to have. (correct)
- A need is a long-term desire, while a want is a short-term goal.
- A need is based on personal standards, while a want is based on external references.
- A need is something you can live without, while a want is essential.
What is the primary factor that can lead to an erroneous decision?
What is the primary factor that can lead to an erroneous decision?
- Personality traits
- Lack of information (correct)
- Lack of education
- Poor time management
What is the definition of decision making?
What is the definition of decision making?
What type of goal focuses on external references to measure success?
What type of goal focuses on external references to measure success?
What personality trait is commonly associated with good decision-makers?
What personality trait is commonly associated with good decision-makers?
What is the first step to determining your money values?
What is the first step to determining your money values?
What is the purpose of making a list of ways money impacts your life?
What is the purpose of making a list of ways money impacts your life?
Why is it important to revisit your money values over time?
Why is it important to revisit your money values over time?
What is the relationship between personal values and money values?
What is the relationship between personal values and money values?
What is the purpose of figuring out your priorities in finance?
What is the purpose of figuring out your priorities in finance?
What is the key distinction in understanding needs versus wants?
What is the key distinction in understanding needs versus wants?
What is a characteristic of good wellbeing?
What is a characteristic of good wellbeing?
What is an indication of what people value?
What is an indication of what people value?
Where do people typically get their values from?
Where do people typically get their values from?
How do values influence financial goals?
How do values influence financial goals?
What is a common form of investing?
What is a common form of investing?
What can lead to unmanageable debts?
What can lead to unmanageable debts?
