Question
1. What is your personal relationship with finance? Where do you see financial concepts and activities in your life? As a life skill, studying and
1. What is your personal relationship with finance?
Where do you see financial concepts and activities in your life?
As a life skill, studying and practicing financial management can be an interesting, lucrative, and enjoyable activity. Finance involves sourcing and spending money to achieve your desired goals. Think about how you manage your finances in your personal and professional life, and then think about whether you agree or disagree with the following statements.
Use the following scale to complete the survey that evaluates potential financial concerns you might encounter as a student. (Note: There are no wrong answers. Add up the numbers after you answer the questions to determine the manner in which your personal relationship with finance might affect you.)
1 Ive never thought about it.
2 I disagree with this statement. Ive thought about it, and I dont think its that important.
3 I think I disagree with the statement, but Im not sure. I need to know more about the issue.
4 I think I agree with this statement, but Im not sure. Im curious to know more.
5 I agree with this statement. Ive thought about it because I want to become financially knowledgeable and successful.
Have I ever thought about...
a. There are very few close parallels between how a successful business manages its money and how I manage mine.
b. The taxes imposed by Congress, my state legislator, and my city or town do not affect my take-home pay; therefore, they have no bearing on my standard of living.
c. There are few conflicts between the various parties that make up business organizations (managers, employees, lenders, stockholders, regulators, and customers). That means I dont have to reconcile contradictory goals and agendas or manage differences of opinion.
d. Ive decided to start a small business from my dorm room: selling used textbooks and dorm furniture online. The corporate form of business is the most convenient for me to use, and the sole proprietorship offers the most legal protection in the event that a customer is hurt after purchasing one of my chairs.
e. After following prominent business people in the news, its obvious the only moral or ethical code in business is the law of the jungle, or survival of the fittest.
f. Understanding finance and making correct financial decisions will not contribute to my general quality of life.
options are 1 to 5.
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