Choose wisely. There is only one correct answer to each question.
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1.
If you set a financial goal and it fails, what could be a reason why it failed?
Any of the above. A goal could fail for any of these reasons.
2.
A financial goal that you set might fail because it was _______.
Any of the above. These are all things that sabotage ones efforts. Thats why clear goal-setting is needed.
3.
To keep on track with your financial goals, you can measure them periodically.
True. With a measurement system, you can adjust the way you are funding them.
4.
Saving tiny amounts of money periodically is a nice idea, but is not practical.
False. Saving small amounts periodically can be done by setting them aside and putting them into a savings or investment account, and they can grow substantially over many years.
5.
Diversification of your investments _______.
Can reduce risk in the market. There is no cure for market risk; diversification can reduce risk, however, though it is not guaranteed to.