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PFI Unit 1 Test Review

kschwent 18 questions 5.0 (1 rating)

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Questions in this quiz (18)

  1. 1An item that is needed for survival is a ...
    1. AGoal
    2. BValue
    3. CNeed
    4. DWant
  2. 2An item that will improve the quality of our life, but is not needed for survival is a ...
    1. AValue
    2. BGoal
    3. CNeed
    4. DWant
  3. 3Whether we think an item is a need or want is determined by our ...
    1. AStandard of Living
    2. BValues
    3. CInflation
    4. DGoals
  4. 4Something one views as important is called a ...
    1. AGoal
    2. BWant
    3. CNeed
    4. DValue
  5. 5A goal that will be accomplished in the next year is a ...
    1. ALong term goal
    2. BShort term goal
    3. CIntermediate goal
    4. DWaste of time
  6. 6A goal that will be accomplished in 1 to 5 years is a ...
    1. ALong term goal
    2. BIntermediate goal
    3. CShort term goal
    4. DRealistic goal
  7. 7A goal that will take more than 5 years to accomplish is ...
    1. ADream
    2. BShort term goal
    3. CLong term goal
    4. DIntermediate goal
  8. 8The two economic forces that affect the number of jobs that will be available when you graduate from school and the size of the salary you can expect to make are:
    1. AInflation
    2. BSupply
    3. CCost of Living
    4. DDemand
  9. 9If there are a lot of jobs available in a career field it would be safe to assume that ...
    1. ASupply of qualified workers is high
    2. BDemand for qualified workers is low
    3. CDemand for qualified workers is high
    4. DSalaries in that career field will be high
  10. 10I have $50 that I can spend on one of the following: a month long supply of Tropical Heat Hot Tamales, 10 Venti Skinny Vanilla Lattes from Starbucks, a purebred pet boa constrictor. I choose the candy. What is the opportunity cost of my choice?
    1. AThe pet boa constrictor
    2. BThe Tropical Heat Hot Tamales
    3. CThe Skinny Vanilla Lattes
    4. DThe pet boa constrictor and the Skinny Vanilla Lattes

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Description
Quiz on PFI Unit 1 Test Review, created by kschwent on 22/01/2016.
Author
kschwent
Language
English
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30
Rating
5.0 out of 5 · 1 rating
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