Consumer- Chapter 12

Question 1

Which of the following should be consideration when selecting a non-profit from which you would like to contribute to?

Answer 1

all of the above

Question 2

Is it better to give to many charities or just a few?

Answer 2

just a few

Question 3

What percentage of American households give to charity?

Answer 3

65%

Question 4

Which of the following is not one of the Five Foundations?

Answer 4

Build Your Credit

Question 5

Smart donors support their favorite charities how often?

Answer 5

long-term

Question 6

Which of the following is a way that giving to others can benefit you?

Answer 6

all of the above

Question 7

When considering donating to charity…

Answer 7

you can start by giving your time, money, or talents now

Question 8

Your primary motivation for giving should be…

Answer 8

the simple desire to help others

Question 9

T or F: You have to wait until you have a large income before you can help others

Answer 9

false

Question 10

T or F: One financial benefit of giving money to charity is that your contributions may be tax deductible.

Answer 10

true

Question 11

T or F: There is nothing that distinguishes your value and interest from those of others teens

Answer 11

false

Question 12

T or F: One of the most important and rewarding things you can do is give

Answer 12

true

Question 13

T or F: When we give to others, we become less self focused

Answer 13

true

Question 14

T or F: Delaying the act of giving will make giving less likely in your future

Answer 14

true

Question 15

Anything handed down from the past, something that someone has achieved that continues to exist after they are gone

Answer 15

legacy

Question 16

Means love of humanity; identifying and exercises ones values in giving and volunteering

Answer 16

philanthropist

Question 17

Organizations that use money raised to achieve their goals rather then distributing them as profit

Answer 17

Nonprofits

Question 18

An organization set up to provide help and those in need

Answer 18

charitable organization

Question 19

The practice of providing help and advise to people in a community before they ask for it

Answer 19

outreach

Question 20

What is the 5th foundation?

Answer 20

Build Wealth and Give

Question 21

Why is it important to give money, time, or talents?

Answer 21

It is important to give money, time, or talents because you will be helping out others or those in need. These acts, whether they are big or small, will make you feel good about yourself as well. When you start giving early, you build character as you grow and continue to give and help others.

Question 22

What does it mean to leave a legacy?

Answer 22

A legacy that you leave is the impact you have on the world. To create a legacy, you need to put yourself out there for the sake of another person, build relationships, and sacrifice your time and energy. This creates a legacy and gives meaning to the journey of your life.

Question 23

Write something you learned in this chapter.

Answer 23

I learned that you can give at any time in your life whether it be money, time, or talents. There are so many ways that you can help others and you can start at a young age. Starting early will help to make it easier to continue to give as you grow older. Giving makes you feel good about yourself and allows you to help others in different ways.

Question 24

If you could start a charity, what would it be? Who would you help in what way? Why?

Answer 24

If I could start a charity, I would begin one that would help children who come from low income families and broken homes be able to have an education. My charity would raise money to build schools and pay teachers for children that really need the extra help. This way, these children would be able to get the education they need and sometimes an escape from their home lives.

Question 25

How can giving to others have a positive impact on you?

Answer 25

Giving to others will have a big impact on you. Giving will make you feel good about yourself because you will be making a difference, it doesn’t matter if it is big or small. You are fulfilled when you give and it makes you want to continue to give. Giving creates an impact on you because you are giving a part of yourself such as your money, your time, or your talents. You are giving these things to others and the look on their faces will change you because you will know you have made a difference in their lives.