CKA (Chapters 11-15)
What is the relationship between work and leisure from a biblical perspecitve of work?
There should always be balance between work and leisure in order to rest.
Life's priorities relate to one another in what way?
Life's priorities are all simultaneous
According to mitch Anthony in the New Retirementality, which of the following is not true regarding finding balance between vacation and vocation?
It is the vacations we take that makes our work so enjoyable
According to Mitch Antohy in the New Retiremntality, which of the following is true?
Clients should retire to something rather than from something
Whic of the following are gifts from God that we bring to our work?
i. Skills
ii. Intelligence
iii. Expeirences
iv. Reputation
i, ii, iii, and iv
Which of the following statemetns is true?
Personal income is not associated with work, but rather a provision from God
What is the relationship betwee secular work and our spiritual walk?
Secular work becomes spiritual when done to please God
According to the "Life Cart" which of the following are competing with work?
i. Church
ii. Family
iii government
iv. hobbies
i, ii, and iii
Which of the following is not a World's perspecitve on work?
My work will be finished when I die
Which of the following is not a World's perspective of work?
My work will be finished when I die
Which of the following is true regarding faith?
Faith is action driven by our belief system
Which of the following best describes the opportunity advisors have in helping clients in Life Planning
To foster en eternal perspective
Whichy of the following is not a reason we should set goals?
Goal setting guarantees success
Which of the following is an outcome of making good financial decisions?
Better decisions bring a sence of balance in our lives
What is one question we must ask when thinking of money as a test?
Have we been faithful?
All of the following are life priorities except
Hobbies
Which of the following life priorities is more likely to get out of balance?
Work
Which of the following are tools you sould consider using in helping clients set goals?
i. Utilize the financial planning flow chart
ii. Inquire about their dreams and aspirations
iii. Suggest extended goal setting meetings with you
iv. always ask the clients questions to get a clear picture of their goals
i, ii, and iv only
Which of the following is a form of capital we can pass on to our children?
i. Spiritual Capital
ii. Financial Capital
iii. Emotional Capital
iv. Social capital
i, ii, and iv only
Which of the following best describe life priorities?
Life priorities are simultaneous
All of the following are ways that the bible helps us in the decision-making process, except?
God's word gives us specific answers to all decisions
All of the following are tests that can be utilized in the decision-making matrix, except
The Pride test
When Defining the Decision in the decision-making matrix, which of the following is not a question you should ask?
Will the solution be the best short-term solution?
Which of the following is not true regarding decision-making
Everyone has a process in making decisions.
Which of the following are conisderations in deciding on "want to haves" in the decision matrix process?
i. Take the top priority (criteria) and make it a 10
ii. Measure each criterion against the top criteria
iii. Want to haves are objective
iv. Discuss and communiate with others about the criterion
i, ii, and iv
All of the following are emotional traps, except
Under confidence
Which of the following characterizes the best decision?
The decision that meets the prioritized objectives
Which of the following is not a principle for decision making?
Follow your gut feeling when making decisions
Whch of the following are traps that should be avoided in decision-making?
i. Binary Trap
ii. Intuitive Trap
iii. Emotiional Trap
iv.Voting Trap
i, ii, iii, and iv
Which of the following is a common barrier to decision-making?
i. Lack of Time
ii. Buried in too much data
iii. Asking the right question
iv. Making your decision in God's name
i, ii, and iv only
What is "Defining the decision" in the decision-making process?
Step 2
Which of the following is the Western way of decison implementation?
Implement, Decide, Discuss
Which of the folloiwng is true?
We have competing objectives in our financial decisions
All of the following are benefits of the decision-making matrix, except?
It is only used for big decisions
Once the preliminary decision has been made, which of the following should be completed next?
Assess the risk of the decision
What step comes after "Clarifying your Objectives" in the decision making model?
Prioritize the objectives
Which of the following is one of the reasons for confusion in financial decisions
Complexity of finances
In step 3 of the decision-making matrix "Clarifying Objectives", what is the first thing that you should do?
List out broad statements of intent
Which of the following is the Eastern way of decision implementation
Discuss, Decide, Implement
Which of the following is the best perspective to have in regards to the transfer of wealth to heirs?
This is what is best after examining God's word, praying and seeking Godly counsel from others.
Which of the following would be the most beneficial to pass to your heirs?
Wisdom
Which of the following are considerations of the concept "God Owns it All"?
i. Most Christians believe that God owns everything, but not the implications of it
ii. God can give and take whatever He wants to
iii. God will financial bless those that give to Him
iv. Every financial decision is a spiritual decision
i, ii, and iv only
Which of the following is true regarding the difference between wealth transfer and estate planning
Estate planning seeks to retain control of possessions
Which of the following is not a place where wealth can transfer to?
Donor Advised Fund
Which of the following is not a 'truth' as it relates to our stewardship responsibilities?
I can control my possessions even after I die
Which of the following are principles to consider in the step 1 of the wealth transfer process (transfer decision)?
i. KISS Principle
ii. Treasure Principle
iii Unity Principle
iv. Wisdom Principle
ii, iii, and iv only
All of the following are mistakes people make in the transferring assets, except?
They give money to support ministries
Which of the following best explains the 'coping gap' in the Talk Decison of the wealth transfer process?
The coping gap is created when beneficiay's inheritance is different than what is expected.
Which of the following best describes the "treasure principle"
You can't take it with you but you can send it on ahead.
Which of the following are ways that we respond to God in the Engagement Dynamic of Relational Wisdom
i. Church Attendance
ii. Trust
iii. Obedience
iv. Faith
ii, iii, and iv only
Which of the following are true regarding relational skills or abilities?
i. They have the ability to magnify or diminish our technical abilities
ii. They produce bonds of loyalty, trust, and mutual support
iii. They are the purview of Christian advisors
iv. They can make people mroe creative, productive, and enjoyable to work with
i, ii, and iv only
Which of the following tend to create the most issues for professionals?
Relational dynamics
All of the following are benefits of relational Wisdom, except?
Making more money in your role
Which of the following best describes the S.E.R.V.E acronym in relational wisdom?
The S.E.R.V.E acrynym is focused around Others Awareness and Others Engagement
Which of the following is not a consequence of Emotional Hijacking
We are no longer to feel emotions when this occurs
Which of the following accurately represents the S.O.G acronym in Relational Widom
Self, Others, God
Which of the following best describes the R.E.A.D acronym in Relational Wisdom?
The R.E.A.D acronym is focused around Self Awareness and Self Engagement
Which of the following statements is true?
As our emotions increase our reasoning capacity decreases
Which of the following are not considerations related to self-awareness?
Salvation