CKA Test Questions

One of the highest sources of fear (regarding money) in a woman is: A. Credit card debt B. A home mortgage C. Conflict with her husband over money D. Having enough for retirement Education expenses

B

One of the results of biblical wisdom is: A. A biblical perspective B. An eternal perspective C. A long term perspective D. A prayerful perspective

B

According to Ron Blue, leadership is comprised of a: A. Process B. Program C. Relationship D. both A and C E. None of the above

D

Most people are over-insured. True False

False

Ron teaches that the world believes that work is a necessary good. True False

False

When considering how to deal with the family business, separate _______________ thinking from leadership and management objectives. Ownership Family Strategic Operational

Ownership

According to Philippians 4:6-7, the peace of God is a result of ___________. Prayer Thanksgiving Prayer and Thanksgiving None of the above

Prayer and Thanksgiving

A key principle in decision-making is that: every decision is an attempt to meet ___________________ objectives. Prioritized Important Competing Identifiable

Prioritized

Net worth is one number that can be __________ and therefore measured on a period-to-period basis. Earned Saved Borrowed against Quantified

Quantified

A Donor Advised Fund is like a charitable bank account. True False

True

Consistently in scripture, rapid spiritual growth is tied to a person being disciple by another person. True False

True

Debt may deny God an opportunity to provide. True False

True

Dr. David Jeremiah defines contentment as, "looking back without regret, looking at the present without envy and looking at the future without fear." True False

True

During the stage of "spiritual interest" in Client Discipleship, active discipleship is increasing and includes both a living and a verbal witness. True False

True

Financial contentment is a choice not a function of lifestyle. True False

True

Financial contentment results from spending less than we make. True False

True

George Barna says that a biblical worldview is defined as believing that absolute moral truth exists and that such truth is defined in the Bible. True False

True

God's strategy for reaching the world with the message of biblical financial wisdom will begin with people - with obedient disciples of Christ. True False

True

Greg Baumer and John Cortines learned that spenders are prone to materialism, savers are prone to idolatry. True False

True

Most people won't have all 6 possible long-term goals. True False

True

Changing behavior always begins with __________ thinking. challenging your determined changed radical

changed

When engaging spiritual hostility, be willing to _________ when God's word is rejected. Walk away Endure Debate

Walk away

A detailed decision-making process can become a _____________ over time. Nuisance Joy Burden Way of Thinking

Way of Thinking

A primary client counsel objective is to help a client understand that wisdom may create wealth, but that wealth never guarantees _______________ to the one who receives it: Happiness Peace Wisdom Maturity

Wisdom

According to Chuck Colson, a Biblical worldview is the only worldview that ultimately ______________: Works Succeeds Lasts Speaks

Works

One of the critical attributes of leadership is deep, abiding ___________: Integrity Vision Competence Character

Character

1 Timothy 6:17 Enjoyment

Charge them that are rich in this world, that they be not highminded, nor trust in uncertain riches, but in the living God, who giveth us richly all things to enjoy;

Which of the following are NOT among the personal and professional advisor needs that Kingdom Advisors addresses: Knowledge Compensation Know - how Purpose

Compensation

Tax reduction and debt reduction are in direct _____________ with one another. Conflict Correlation Relationship Opposition

Conflict

Ron believes that one of the training principles for children is that they must have an opportunity to _________________: Fail Succeed Learn Try Again

Fail

A _________ statement is one way to initiate a spiritual conversation: Confident Practical Faith Fiduciary

Faith

Training children to manage money requires ______________ and commitment: Time Faith Communication Prayer

Faith

A Journey of Generosity is a six week bible study that helps advisors and clients experience biblical generosity together. True False

False

A believer's vocational calling always happens at a moment in time. True False

False

A worldly perspective on investing includes seeing time as the enemy as well as focusing on a long time horizon. True False

False

Academic Portfolio Theory and Keynesian Economic Theory rely on coherent economic, market, and political systems. True False

False

According to George Barna, as income increases, giving increases. True False

False

According to Howard Hendricks, only 2/3 of the figures in Scripture "finished strong." True False

False

According to Ron Blue, banks should be perceived as the source of all financial wisdom. True False

False

According to Ron, the idea that God "hangs my work on His refrigerator" shows that He values my work as much as he values me. True False

False

After reaching a financial finish line, any additional income would be used to purchase consumer goods. True False

False

Both financial advisors and the culture at large typically provide support and encouragement to parents as they train their children to manage money. True False

False

Disciple-making advisors know how to change the conversation from the weather to dollars and cents. True False

False

Donor Advised Fund complicates giving strategies but provides tax benefits. True False

False

Each individual is responsible for his/her family's protection. True False

False

Every financial decision made will have at its roots a worldly value or conviction. True False

False

Every spending decision is my decision because I've earned and own it all. True False

False

Everybody wants to be silent in heart-level conversations. True False

False

Giving (as a percentage of income) tends to go up when income goes up. True False

False

Hard skills have the ability to magnify or diminish the value of our soft skills. True False

False

In defining a decision, it is wise to focus on the answer instead of on the question. True False

False

In the Developing Generous Clients panel, Tim Mohns said that the wealthiest people he's met are the freest people he's met. True False

False

It helps to deepen the criteria before clarifying the objectives. True False

False

Jim Dobson used the example of teenagers with doors open to them to prove that teaching kids money management is more important than ever. True False

False

Kouses and Posner assert that the core of leadership is teachability. True False

False

Nehemiah cared about the broken wall in Jerusalem because he served the king and that part of the kingdom was in disgrace. True False

False

Net worth is always and only a measurement of God's approval and never a measurement of success or significance. True False

False

One of the three fundamental questions that must be asked includes, "Is the next heir chosen and prepared?" True False

False

Part of Ron's personal conviction about worldview is that everything we do while living on earth has an appropriate consequence. True False

False

Ron believes that financial planning is really eternity planning. True False

False

Ron believes that you should not teach your children about credit cards, given that credit cards open them to temptation and materialism. True False

False

Ron believes that, according to Luke 6:38, when we give, the blessings will always be monetary. True False

False

Ron teaches that, when you have a faith goal, the goal will be reached, challenges will be experienced, and God will glorified. True False

False

Testing a decision via the decision making process involves asking, "What is the worst thing that could happen and can I live with that outcome?" True False

False

The goal is more important than the goal setting process. True False

False

The job of the advisor is to persuade the client to give more. True False

False

The key principle of the treatment decision is that: one should love their children uniquely and, as such, treat them equally. True False

False

There are eight short-term uses of money. True False

False

Using the decision making matrix, the alternative with the highest score represents the final decision. True False

False

Wealth accumulation is the objective of work. True False

False

When living outside of the circle of relational wisdom, we can serve God more effectively. True False

False

When one spouse dominates the conversation, the advisor should never enter the conflict. True False

False

With every increase in technology, there is a corresponding increase in leisure time. True False

False

Other Awareness is asking, "What's going on outside of me?" True False

False ("What is going on inside of them? Why are they feeling this way?)

Relational wisdom includes situation awareness and engagement. True False

False (Awareness Dynamic and Engagement Component)

Priscilla and Aquila were a "power couple" because they each excelled in different realms of business and spiritual impact. True False

False (They excelled at being united, doing everything together)

One of the reasons wealth transfer is so difficult is because of a driving desire to ___________________ well. Communicate Plan Love Finish Give

Finish

Part of the paradox of prosperity includes the idea that "the more you have, the less real ___________________ you have." Freedom Direction Leisure Purpose

Freedom

Barna's 6 Beliefs of a Biblical Worldview include: A. Jesus lived a sinless life B. God is the all-knowing and all-powerful Creator of the universe C. Salvation is a gift of God and cannot be earned D. Satan is real E. A Christian has a responsibility to share their faith in Christ F. the bible is accurate in all of its teachings G. All of above

G

According to Ron Blue, we all think that we are: Intelligent Wise Greedy Generous

Generous

Borrowing may deny ________________ an opportunity to provide: the government my spouse my parents God me

God

Wealth transfer honors ______________ as the highest priority. Family Life Insurance God Tax Avoidance

God

Three questions everyone is asking include the following EXCEPT: How much is left? Will I ever have enough? Will it continue to be enough? How much is enough?

How much is left?

Ron believes that his life is an empowered, other-centered life that requires his __________________ obedience to our Lord and Savior: Radical Faithful Consistent Full

Radical

6 Characteristics of a Thriving family include: Leadership, collective values, recognizing unique individuals, serving one another, legacy (passing along values before money), celebrating all that God has done through the years. T F

T

Definition of Biblical Stewardship is: The use of God-given resources (time, talent, treasure, truth, relationships, etc) for the accomplishment of God-given goals and objectives. T F

T

Four principles to teach the next steward include: God owns it all, there is always a tradeoff between time and effort and money and rewards, there is no such thing as an independent financial decision, and delayed gratification. T F

T

Four skills to master in preparing the next steward include: How to develop a spending plan, how to buy wisely, hot to make financial decisions, how to set financial goals T F

T

God uses money as a tool, a test, and a testimony. T F

T

God's wisdom is: Timeless Transcendent Accurate Universal Practical Always relevant T F

T

No Trend lasts forever T F

T

Results of Biblical Wisdom are Confidence, Peace of mind, eternal perspective, and focus on God's agenda T F

T

The 3 sources of God's wisdom are: Scripture (II Tim 3:16) Holy spirit (John 16:13) Other believers (I cor 12:7) T F

T

The Love Acronym for heart-level conversations stands for: Level of relationship necessary to have a hard conversation, Overview given objectively of the facts of the situation and check for acceptance, Value is understood by other person in conversation in the way you feel about them, and Empathy by getting on someone else's wavelength. T F

T

Three worldviews are theism (personal) Transcendentalism (Spiritual) and Naturalism (material) T F

T

All of the following are long-term uses of money EXCEPT: Giving Starting a Business Taxes Lifestyle Choices

Taxes

Which of the following is NOT one of the roles of the Christian financial advisor that Kingdom Advisors addresses: Technician Counselor Advisor Leader

Technician

The tenth step in the criteria-based decision model is to _______________ the decision: Try Trust Test Temper

Test

Interacting with questions as a means of counseling clients requires greater faith but is ultimately yields a more fruitful conversation than simply offering advice. True False

True

Investment strategy should move from accumulation to preservation to speculation. True False

True

Jesus met people where they were on the spiritual continuum. True False

True

Most people need life insurance to last their family longer than what they think they will need. True False

True

One common barrier to decision making is analysis paralysis. True False

True

One of the implications of biblical stewardship is that stewardship is the only area of the Christian life that cannot be faked because the way we spend our money is a measure of our real priorities. True False

True

Personal convictions ought to be a strong driver in a person's investment strategy. True False

True

Ron believes that faith goal setting relies heavily on spending time with God and engaging in a process of listening to His will for your life. True False

True

Ron believes that the only way you can begin to realize that it is impossible to serve both God and money is to give. True False

True

Ron teaches that it is very important for parents to be on the same "side of the fence" as children when considering budgeting and decision making. True False

True

Ron teaches that one of the implications of the fact that God owns it all is that a lifestyle spending decision has the same spiritual weight as a giving decision. True False

True

Scripture calls us to accumulate toward the goal of provision for our family, but not necessarily to accumulate enough to protect them from all eventualities. True False

True

Spiritual and social capital are more important than financial capital. True False

True

The Treasure Principle says "You can not take your wealth with you, but you can send it ahead." True False

True

The decision-making process can ultimately become a way of thinking so that it is a natural, easy to apply tool for both personal and client decisions. True False

True

The step 10 in the Decision Making Process, Testing the Decision can include: Promise Test Partner Test Purpose Test Preference Test Peace Test

True

To discover the client's story you should start with their past. True False

True

To engage clients around the topic of generosity, advisors need to listen well, meet clients where they are, and be transparent about their own generosity journey. True False

True

Two of the benefits of charitable giving to the clients are: they will experience God and His joy in a greater way, and it will break the power of money in their lives. True False

True

Value to the group is the product of hard skills and soft skills. True False

True

Wealth transfer is not the same as estate planning. True False

True

When an advisor enters into a discipleship relationship with a client, it is transformational for both advisor and client alike. True False

True

When engaging spiritual ridicule, avoid being argumentative. True False

True

According to Stephen Covey, most people do not listen with the intent to ____________. Understand Reply Think Act

Understand

There are three questions to ask in order to assess the risk of a particular decision. The first is: "What is the ________________ thing that could happen if I choose this alternative?" Scariest Only Worst Best

worst

Husband and Wife should be in ___________% agreement in a borrowing decision: 75% 80% 90% 100%

100%

According to Scripture, some attitudes that might cause a person to invest unwisely are: A. Greed, Pride, Fear B. Greed, Selfishness, Fear C. Greed, Anxiety, Fear D. Greed, Worldliness, Fear E. Greed, Laziness, Fear

A

According to Dr. Jeremiah, contentment is linked to the future in the following way: A. Content people have no fear of the future. B. Content people have no thought of the future. C. Content people have no promise of the future. D. Content people have no expectation of the future. E. None of the above

A

Identifying the alternatives in a decision is which step in the criteria based decision-making model? 2 3 4 5

5

Most church giving comes from people over the age of ____________. 55 60 62 65

55

The average age of the widow in 2000 was _________________. 50 55 60 62

55

The key phrase for applying this segment on lifestyle is: A. Delayed consumption B. Delayed gratification C. Delayed interest-earning D. Delayed enjoyment E. Delayed perspective

B

In counseling clients, Ron encourages you to: A. Quantify your personal finish lines B. Quantify your personal boundary lines C. Quantify your personal starting lines D. Quantify your personal measuring lines

A

In the values exercise, ask the client couple if they would be willing to go on: A. A money date B. An expensive trip C. A financial fast D. A long walk

A

One of the five required competencies for financial leadership is: A. Goal Setting B. Consensus Building C. Estate Planning D. Investment Management

A

One of the ways in which the Brights gave to God out of their potential lifestyle-related income was to: A. Fund the start of a training center for Russian believers out of their retirement B. Participate in a reverse mortgage and give all of that money back to Campus Crusade C. Rely on public transportation and give the equivalent of a car payment to the development of student ministry in India D. Contract with each other to give to ministry at birthdays and Christmas rather than to each other

A

Ron used the example of giving his grandchildren $100 to give away to others at Christmas to discuss the importance of: A. Building social and spiritual capital into them B. Sowing financial capital into the needs of the world C. Their understanding of money as a testimony D. Their ability to see others' needs as greater than their own

A

Ron used the illustration of Mother Theresa to illustrate that: A. Any work that occurs out of God's calling has tremendous eternal value. B. Work can continue as a lifestyle far beyond retirement years. C. Working out of a sense of calling leads to tremendous satisfaction. D. All of the above

A

The engagement component of relational wisdom includes how do I respond to which of the following: A. God, self, and others B. God C. Self and others D. None of the above

A

To manage investment risk by faith, encourage clients toward: A. prayer, counsel, and wisdom B. prayer, fasting, and wisdom C. prayer, unity, and wisdom D. prayer, stewardship, and wisdom

A

Which of the following is a reason wealth transfer can be so difficult? A. the challenge of finding ways to help heirs financially without harming them B. impact on the donor and the estate is the highest priority C. it retains control D. its tax-efficiency driven E. All of the above

A

Which of the following is key to the relationship between alternatives and objectives in the decision-making process? A. evaluate alternatives against objectives, not against each other B. evaluate alternatives against the want-to-have objectives, first C. evaluate objectives in light of the most creative alternative, first D. evaluate alternatives only against the must-have objectives

A

Which of the following reasons for giving does Ron Blue teach is NOT biblical: A. We give because it yields financial blessing. B. We give because it breaks the power of money in our lives. C. We give because we are being obedient to God. D. We give because we understand God's love and grace.

A

While there may be no such thing as an "appropriate Christian lifestyle;" it is always appropriate to: A. Spend less than one makes B. Give more than a tithe C. Pay off all debt D. Invest with a trained financial advisor E. All of the above

A

The story of Rick Hoyt and his son shows the power of: A. Teaching your children to set goals B. Setting and accomplishing goals C. The relationship between goals and faith D. Living a life based on biblical stewardship

B

The Effective Tax Rate is defined as the __________________ taxes paid divided by total income. Federal Income Planned Actual Prepaid Reduced

Actual

An example of a tax deduction that has a cost involved is: Charitable giving Interest Medical expenses IRA contribution All of the above

All of above

Four Processes or Skills to be Mastered include? Decision Making goal Setting Cash Flow Management Weatlh Transfer All of Above

All of above

Great questions for an RIA to ask: Is my practice His practice and His calling? Does my mission statement clearly reflect what my practice is? Do my clients know that I am a Christian? How is my advice different as a Christian? How would my staff evaluate my faith? How would my family evaluate my faith? What eternal consequences have I observed in my clients as a result of their relationship with me? (Giving more to charity, peace of mind, confidence, free of fear) All of above

All of above

What are the 5 short-term uses of money? Giving Taxes Debt Repayment Saving & investing Lifestyle spending All of Above

All of above

three questions everyone is asking? Who much is enough? Will I ever have enough? Will it continue to be enough? All of above

All of above

The six long-term uses of money include: Financial independence, debt elimination, starting a business, family needs, lifestyle choices, maximized giving All of the Above

All of the Above

The Pie Diagram and the Sequential Investing Diagram evidence which characteristics of biblical financial planning? Integrated Holistic Biblically based All of the above

All of the above

Which of the following are part of the three fundamental questions? Who owns it? What are the finish lines? Is the next steward chosen and prepared? All of the above

All of the above

The verse in James 4:13 - 15 reinforces a very important biblical principle about borrowing which is that: A. You should be careful to borrow only from local sources. B. Borrowing presumes upon the future. C. Borrowing is potentially dangerous for business. D. You should always pray before you decide to borrow money.

B

One of the practical barriers to greater giving is that there are no _____________ to follow.

Models

Which of the following are not stages of spiritual interest? Apathy Interest in spirituality General belief in God Desire for truth

Apathy

According to James 1:5, what should we do if we lack wisdom? Talk to a pastor Read the bible Ask God Ask our spouse

Ask God

A Donor Advised Fund does NOT provide which ONE of the following benefits: A. Capture tax benefits B. Identify preferred charitable causes C. Maximize giving D. Give apprecated assets

B

A recent study showed that if you delay your retirement by one year, you increase your longevity by __________. A. 0.05 B. 0.11 C. 0.25 D. None. Retirement and longevity are unrelated.

B

According to Ron, one of the great implications of understanding the fact that "where your treasure is, there your heart will be also" is that: A. Your net worth statement becomes irrelevant in heaven. B. Time becomes a tool rather than an adversary. C. You are able to elevate the giving discussion with your clients to the level of the net worth discussion. D. A person's net worth statement can reveal volumes about their heart.

B

Bruce Wilkinson's principle that "the fear of the loss of a reward is greater than the promise of a reward" was applied in Ron's home to: A. Motivate good grades B. Motivate peace at the dinner table C. Motivate practice for athletic teams D. Motivate saving for large items

B

How would one know when they have finished their lifetime of work? A. when they retire B. when they die C. when they can't find a job D. when they are tired of working E. none of the above

B

Income tax planning requires highly specialized ___________________: A. Computer software B. Expertise C. Government agencies D. Spreadsheets

B

Ron used the example of starting his planning firm and then cancelling the line of credit to illustrate the power of: A. Making a goal measurable B. God's part in helping us meet a faith goal C. Taking action or taking the first step D. Goal setting in tandem with a spouse

B

The Inheritance Case Study at the start of the module represents a typical client situation because it has: A. Confusion, miscommunication, and competing objectives B. Confusion, conflict, and competing objectives C. Confusion, overcompensation, and competing objectives D. Confusion, unwise counsel, and competing objectives

B

The Venn diagram visual with overlapping circles of Advisor, Leader and Counselor is an illustration of: A. A holistic approach to advising B. The disciple making advisor C. Becoming an equipped advisor D. An integrated model for advisors

B

Which of the following is not reflective of the teaching regarding faith/work integration in this lesson? A. God's Work is the Great Commission B. God's Will is Good Stewardship C. God's Way is By Faith D. God's Results are Eternal

B

Which of the following represents the learning model deployed in the CKA® training? A. Believing to knowing via faith and knowing to doing via thinking B. Knowing to believing via thinking and believing to doing via faith C. Going to believing via faith and believing to knowing via thinking D. None of the above

B

Your "want-to-have" objectives determine who: A. Plays the game B. Wins the game C. Loses the game D. Watches the game

B

_____________ is getting the best life I can with the money I have by making wise financial decisions. A. Return on investment B. Return on life C. Return on wisdom D. Return on decisions

B

Which of the following statements is true, based on Ron Blue's "Should, Could, Would" model for giving? A. Would give giving is planned out of net-worth. B. Could give giving requires setting faith goals. C. Should give giving comes after answering the question "How Much Is Enough?" D. All of the above

B (I disagree with this answer) Would give is out of surplus, Could give is out of surplus, should give is out of income, Could give is based on question "how much is enough--the answer should be none of above.

In the path to learning, we understand that all ___________ is/are a function of your belief system. Advice Behavior Convictions Thoughts

Behavior

With the envelope system, the amount should not be withheld to influence _________________: Grades Chores Behavior Family dynamics

Behavior

Good financial advice always has its roots in: Wall Street The CFP® Board of Standards Biblical Wisdom A Book by Ron Blue

Biblical wisdom

When clarifying objectives, use _________ statements of intent. Detailed Clear Broad Specific

Broad

1 Timothy 6:6-8 Contentment

But godliness with contentment is great gain. For we brought nothing into [this] world, [and it is] certain we can carry nothing out. And having food and raiment let us be therewith content.

1 Timothy 5:8 Provision

But if any provide not for his own, and specially for those of his own house, he hath denied the faith, and is worse than an infidel.

"Borrowing may deny God an opportunity to work" is illustrated in the segment by the story of: A. The husband and wife who trusted God to pay for medical care for their child B. The pastor who decided not to borrow to build a new building C. The seminary student who decided not to take student loans D. The principal who opened a school for inner city children without taking out debt

C

In communicating the idea that "God can take whatever He wants whenever He wants," Ron uses the analogy of: A. The changing of the seasons B. A parent disciplining their child in love C. An open hand D. Coming to Jesus as a little child in faith

C

One of the "to-do" behaviors around work is to be able to have ___________ with your spouse regarding your work habits: A. Goals B. Discussion C. Unity D. Accountability

C

Ron shared his conversation with Anne Graham and Danny Lotz to reinforce the point that: A. Financial Planning helps the client with a context for financial decision making. B. Financial Planning helps the client with accountability, which leads to peace of mind. C. Financial Planning helps the client make financial capital a non-issue so they can focus on what is eternal. E. Financial Planning is not necessary for everyone.

C

Ron uses the picture of Judy in their trailer just after their marriage and other pictures of his family to communicate: A. The five uses of money B. God owns it all C. The paradox of prosperity D. Principles that transcend economic conditions

C

Ron uses the story of Nehemiah rebuilding the wall to illustrate that: A. God uses material resources to accomplish heavenly purposes. B. Spending time with God is critical when setting faith goals. C. God is glorified when faith goals are accomplished. D. Goals provide personal motivation and help to crystallize thinking.

C

Scripture gives three key principles about lifestyle in I Timothy. They are: A. Generosity, Contentment, and Enjoyment B. Faithfulness, Contentment, and Enjoyment C. Provision, Contentment, and Enjoyment D. Budgeting, Contentment, and Enjoyment E. Trust, Contentment, and Enjoyment

C

The READ Acrostic stands for: A. Replenish, Encourage, Allocate, Deepen B. Restore, Empathize, Approach, Dare C. Recognize, Evaluate, Anticipate, Direct D. Repent, Evangelize, Atone, Disciple

C

The first barrier to effective decision-making is: A. Lack of clarity B. Lack of focus C. Lack of time D. Lack of unity

C

When alienation between God and man occurs, which of the following is NOT a direct or indirect result: A. Man is alienated from each other B. Man is alienated from the earth C. The state is more capable of effectively managing the productivity cycle D. Anxiety leads the state to create false levels of risk

C

Where do faithful skilled craftsmen use their ability? A. To lead people to financial success B. To lead people to retirement happily C. To lead people to worship God D. To lead people to remain as clients

C

Which of the following are components of a Thriving Family Plan? A. Leadership, values and exercise B. Balance, values, unique individuals C. Leadership, values, unique individuals D. Legacy, celebration, unity E. None of the above

C

Which of the following are not Biblical worldview beliefs? A. Satan is real B. The Bible is accurate in all of its teachings C My purpose is self-actualization D. A and C E. All of the above

C

Which of the following is not a component of financial contentment, according to Ron's teaching on the subject? A. Biblically wise counsel B. Husband and wife unity C. Letting go of past regrets D. Eternal perspective

C

Which of the following is not an example of using a timing strategy to plan for taxes?: A. Pre-paying property taxes B. Pre-paying mortgage interest for a few months C. Pre-paying sales taxes on items you plan to buy D. Pre-paying state income taxes

C

Which of the following is not one of Ron Blue's implications of biblical financial stewardship? A. It is the only area of the Christian life that cannot be faked. B. Every spending decision is a spiritual decision. C. Generosity breaks the power of money in our lives. D. God can take whatever He wants whenever He wants it.

C

Work should always be accompanied by a sense of ___________. Calling Duty Gamesmenship Humor

Calling

With children, more is ________________ than taught: Experienced Lived Caught Observed

Caught

One implication of the application of biblical wisdom is that if Christian professionals will give advice based upon Biblical wisdom, regardless of specific discipline, Christian professionals will be able to offer ____________ wisdom to our clients: Hopeful Solid Consistent Competent

Consistent

Effective communication is: simple and repetitive, consistent and repetitive, simple and direct, consistent and direct

Consistent and repetitive

According to Ron Blue, God's "Big Idea" is that He wants me to be: Satisfied Fulfilled Content Debt-free

Content

A worldview is the sum total of my __________________ about myself and the world I live in: Experiences Education Philosophies Convictions

Convictions

Which of the following are not outcomes of managing financial life according to biblical principles? Contentment Cost Savings Confidence Communication

Cost Savings

According to Ron, God's involvement in your decision-making needs to include: A. Scripture, prayer, Holy Spirit, and accountability B. Scripture, community, Holy Spirit, and counselors C. Scripture, community, Holy Spirit, and accountability D. Scripture, prayer, Holy Spirit, counselors

D

According to the 2010 Prudential Study, _____ percent of women will manage their finances on their own at some point in their lives. A. 0.45 B. 0.5 C. 0.75 D. 0.9

D

An often overlooked consequence of a two income family's decision for both spouses to work is: A. Higher cost of travel, clothing, childcare, etc. B. With a higher income comes a greater propensity to spending and, possibly, debt C. Both spouses working often leads to more marital problems and, sometimes, divorce D. A and B E. All of the above

D

Borrowing mortgages: A. your home B. your assets C. your lifestyle D. your future E. All of the above

D

In ministering to those with spiritual maturity, guide them toward maximizing ________. A. Investment returns B. Real properties C. Time with Jesus D. Relationships

D

The Omni Hotel made the following, costly decision based on moral convictions: A. To pay the housekeeping staff 25% more than minimum wage. B. To host the local community's prayer breakfast at all of their locations. C. To hire a chaplain for each hotel location. D. To take pornography out of the Pay Per View line up.

D

The Paradox of Prosperity says: A. The more you have the less real freedom you have. B. The more you have, the more confusion and complexity you also have. C. The more you have, the fewer decisions you have to make. D. A and B E. B and C

D

The right question "try-angle" is: A. Implement, decide, discuss B. Decide, implement, discuss C. Discuss, implement, decide D. Discuss, decide, implement

D

The tax planning strategy of shifting involves: A Shifting income to a future year to avoid current taxes B. Shifting income to a different company C. Shifting income to a different country D. Shifting income to a different person in a lower tax bracket

D

When using the Live, Give, Owe, Grow diagram in a client setting, it is best to do the following: A. Allow them to make decisions about where to change or reduce spending B. Lead a discussion around the reality of their responsibilities C. Remember the power of profound simplicity to communicate truth D. All of the above

D

Which of the following is a benefit to clients when they give? A. It breaks the power of money B. It provides tax benefits C. It creates joy for the giver D. All of the above

D

Which of the following is a way to engage people who are spiritually disinterested? A. Remain calm B. Be willing to walk away C. Proclaim God's truth D. All of the above

D

The GPS Acrostic stands for: A. Grow, Practice, Serve B. Give, Pray, Serve C. Go, Pray, Send D. Glorify God, Please God, Serve God

D (Please God is really Pursue God)

It is important to believe that my work does not __________ who I am: Consume Define Clarify Destroy

Define

According to Ron, a primary issue with our perspective is that our culture aggressively teaches us to be: Materialistic Short-sighted Un-biblical Discontent Selfish

Discontent

On the topic of spousal unity, Ron shared that: A. If a husband does not understand an investment opportunity well enough to explain it to his wife, he should not do it. B. Men should seek to avoid raising a wife's anxiety level. C. Women should not deride their husbands for mistakes they have made in the past. D. If a husband can understand an opportunity well enough to explain it to his wife, so that she also understands, and she feels hesitation, they should not do it. E. All of the above

E

One of the goals of this segment is to encourage you to be able to apply __________________ criteria to borrowing decisions: Practical Spiritual Long-term Economic

Economic

From the world's perspective on net worth, time is an ________________. Escape Afterthought Enemy Observer Addendum

Enemy

Financial contentment requires a __________ perspective. Practical Future-thinking Eternal Narrow-minded

Eternal

It is important to believe that all spending decisions have ______________ and temporal consequences: Relational Eternal Long term Spiritual

Eternal

The financial planning process helps clients focus on the _______________ instead of the temporal. Eternal Long Term Spiritual Future

Eternal

Which of the following are not included in the SERVE acronym? Encourage Explore Exit Empathize

Exit

5 Transcendant Money Management Principles are: A. Spend less than you earn (Prov 13:11) B. Avoid the use of debt (Prov 22:7) C. Build liquidity (Prov 6:6-8) D. Set long-term goals (Phil 3:14) E. Rejoice in generosity (II Cor 8:9) F. All of above

F

A transferable concept is something that transfers or changes from generation to generation. True False

F

In evaluating your "want to have" criteria against the alternatives in step 6 (evaluate the alternatives / what are the facts?), use ___________________ not opinions: Truths Goals Facts Probabilities Options

Facts

Bill Bright decided not to accept honorariums or royalties and to give them to the ministry instead as an issue of _________________ in his life: Integrity Discipline Faithfulness Surrender Gratitude

Integrity

There is no such thing as an ________________________ financial decision. Irrelevant Impossible Independent Enjoyable Over-spiritualized

Irrelevant

Which of the following is NOT an attribute of a Biblical approach to financial decision-making: Is holistic in nature Begins with a biblical worldview Fully integrated in its application Is limited in nature

Is limited in nature

According to John Maxwell, if you have a vision, you can lead people, but if you can impart a vision, you can lead _________________: Influencers Organizations Movements Leaders

Leaders

It is important to prayerfully seek God's direction regarding your: Future Communication Debt Spending Lifestyle

Lifestyle

Of the following, what is usually the most significant (largest) use of money? Debt repayment Lifestyle Retirement funding Giving Taxes

Lifestyle

Which key word is not part of the "LOVE" acronym for heart-level conversations: Level Listen Empathy Overview

Listen

In Scripture, we are encouraged to give to the local church, to fulfill the Great Commission, and to the ___________________: Needy Community World at large Hungry

Needy

The Marginal Tax Rate says that the __________________ dollar of taxable income is taxed at x%. First Last Next Final

Next

According to Dr. Ken Boa, work is part of God's created _______________ for humanity: Mandate Order Design System

Order

Being underinsured is poor _________________: Management Planning Stewardship Decision-making

Stewardship

According to Ken Sande, __________ dynamics often create issues for advisors. Market Technical Relational Office

Relational

A ____________ disciple means to be one who disciples disciple-makers. Committed Reproducing Thankful Discipling

Reproducing

ne of the training principles for children is that they must have ________________: Encouragement Rewards Examples A System

Rewards

"Transcendentalism" answers the basic questions of life with a focus on the: Future Material Spiritual Present

Spiritual

We should avoid setting goals apart from our _______________. Spouse Advisor Accountability Partner Family

Spouse

All of the following are short-term uses of money EXCEPT: Giving Starting a Business Taxes Lifestyle Choices

Starting a business

According to Ron, a home is not an investment. True False

True

All debt repayment is done with after-tax dollars. True False

True

Harry Truman said that, "a leader is a person who has the ability to get others to do what they don't want to do and like it." True False

True

Hebrews 11 (the "Hall of Faith") reinforces the teaching that money is not a reward for Godly living. True False

True

Henry Blackaby defines spiritual leadership as, "A person who moves people on to God's agenda." True False

True

When a follower asks, "Does he or she (the leader) do what they are asking us to do?" they are seeking to discern the leader's: Involvement Character Dedication Vision

character