TEST YOUR KNOWLEDGELESSON 1: KATRINA STRIKES

Click on the letter of your choice to test your understanding.

A B C

QUESTION 1NATURAL DISASTERS:

• Are naturally occurring events that can cause severe threats to the public health.A

• Only occur in coastal regions and cause severe threats.B

• Are known mainly for intense winds, significant rain, and dangerous conditions.C

Lesson 1: Katrina Strikes

IN MANAGING RISK, YOU MUST CHOOSE TO:

• Plan, prepare, and predict the risk.A

• Accept, reduce, avoid, or transfer the risk.B

• Implement, review, revise, or repeat the risk. C

Lesson 1: Katrina Strikes

QUESTION 2

AN EMERGENCY FUND SHOULD BE A MINIMUM OF:

• 1-2 months of living expensesA

• 3-6 months of living expensesB

• 9-12 months of living expensesC

QUESTION 3

Lesson 1: Katrina Strikes

GOALS ARE CATEGORIZED AS:

• Limited and unlimited.A• Short-, intermediate-, and long-term.B

• Costs and benefits.C

Lesson 1: Katrina Strikes

QUESTION 4

SMART GOALS ARE:

• Specific, Measurable, Attainable, Realistic, Time Bound.A

• Specific, Manageable, Attainable, Realistic, Time Bound.B

• Specific, Mentionable, Attainable, Realistic, Time Bound.C

Lesson 1: Katrina Strikes

QUESTION 5

WITH GOALS, IT IS IMPORTANT TO:

• Plan, prepare, predict.A• Hold steady, be rigid, keep

the course.B• Implement, review, revise,

repeat.C

Lesson 1: Katrina Strikes

QUESTION 6

IN DIFFERENTIATING BETWEEN WANTS AND NEEDS, WE COMMONLY SAY THAT:

• Basic needs are necessary to live, and wants are things that we would like or desire.A

• All needs and wants must be met in order to live productive lives.B

• It is more important to meet our wants than our needs.C

Lesson 1: Katrina Strikes

QUESTION 7

SCARCITY INVOLVES:

• Unlimited wants and unlimited resources.A

• Limited wants and unlimited resources. B

• Unlimited wants and limited resources.C

Lesson 1: Katrina Strikes

QUESTION 8

AN OPPORTUNITY COST IS:

• Every other alternative that is given up when a decision is made.A

• The alternative that is selected when a decision is made.B

• The highest-valued alternative that is given up when a decision is madeC

Lesson 1: Katrina Strikes

QUESTION 9

PEOPLE MAKE DECISIONS BY:

• Choosing the alternative with the least short-term costs.A

• Selecting the alternative for which they perceive the least benefits relative to the costs.B

• Weighing the costs and benefits of alternatives.C

Lesson 1: Katrina Strikes

QUESTION 10

THANK YOU FOR PARTICIPATING IN “TEST

YOUR KNOWLEDGE”

Lesson 1: Katrina Strikes