CKA Exam Questions And Answers Graded A+ !!!

As you consider your life's vocation, you must determine all of the following, except? - ANS 1) Acknowledge that faith makes our calling operative 2) Seek the answer to "Am I called?" 3) Know that conviction is the only way to overcome fear **4) Would my vocation match my personality All of the following elements must exist for a Biblical Financial Planning except: - ANS 1) Built on biblical wisdom and principles 2) Works for all financial planning decisions **3) Works only for individuals that have accepted Christ 4) Works under all financial and economic conditions How many fundamental money management principles are there? - ANS 5 Which of the following best describes the foundation of a biblical worldview of finance? - ANS God owns it all According to James 3:16, what is the cause of confusion and every evil thing: - ANS Self-seeking and envy What can happen when pastors and or ministry leaders speak on money in the church? - ANS Sermons on money can create natural barriers between pastor and congregation When following the fundamental money management principles, what is the outcome? - ANS Confidence in financial decisions Which of the following reasons can explain why financial professionals are in a very influential position? - ANS Financial decisions reveal the condition of the heart Which of the following does not describe the current environment? - ANS 1)About 20% of born again Christians have a biblical worldview **2)Financial literacy is the same as financial planning 3)There exists confusion within the language used in the church related to money 4)The advertising world adds to the complexity and confusion Which of the following is not one question that everyone asks? - ANS 1) Will I ever have enough money? **2) Is my portfolio appropriately diversified? 3) How much is enough? 4) Will my portfolio be enough to last me? Which of the following verses does not talk about contentment? - ANS 1) Philippians 4:11-13 2) I Timothy 6:6 **3) Luke 12:24 4) Hebrews 13:5 Which of the following are components in the Disciple-Making Advisor model? i. Advisor Role ii. Leadership Role iii. Stewardship Role iv. Counselor Role - ANS i, ii, and iv Which of the following is the first step in the Sequential Investing Hierarchy? - ANS Eliminate all high interest and short-term debt Which of the following characterize the world's messages in our culture? i. I need to have enough to be secure ii. I need to have enough to be successful iii. I need to have enough to have be stress-free iv. I need to have enough to have significance - ANS i, ii, and iv Which of the following differentiate a biblical worldview for financial decisions over that of a secular worldview? - ANS A biblical worldview has an eternal perspective Which of the following best describes how the church tries to motivate people related to money decisions? - ANS Seeking to shame and guilt All of the following characterize how money is portrayed in the church, except? - ANS 1) Guilt 2) Shame **3) Regret 4) Fearful Which of the following is not a use of money? - ANS 1) Lifestyle 2) Savings or Growing **3) Avoiding debt 4) Giving money away Which of the following are current trends related to money? i. Household wealth is growing dramatically but isolated in the hands of only a few ii. Few over the age of 65 are financially independent iii. Many people do not have wills iv. Most evangelical Christians submit their tithe to their local church - ANS i., ii, and iii Those that manage their finances according to biblical wisdom and principles will experience all the following except: - ANS 1) Contentment under all economic conditions 2) Confidence in their financial decisions **3) Eliminate catastrophe's in life 4) Better communication about money Which of the following is true regarding questions? - ANS It makes the one being asked the question to think about what they believe Which of the following questions is everyone asking? i. How much money is enough? ii. When will I have enough? iii. Will I ever have enough? iv. Will it continue to be enough? - ANS i, iii, and iv Which of the following questions must every Christian answer? i. Who owns it? ii. Will I ever have enough? iii. Where are my finish lines? iv. Is the next steward chosen and prepared? - ANS i, iii, and iv Which of the following is not true regarding the advisor's place in asking questions? - ANS 1) Be careful not to force a decision **2) Give your professional opinion when you feel it is important 3) Ask questions before giving advice 4) Never be judgmental, critical, or confrontational in your questions