Question 1

For every dollar that you spend on your college education, you can expect to earn about _______ during the course of your life.

Accepted Answer

A) $100 
B) $3 
C) $500 
D) $35 
A) $100 
B) $3 
C) $500 
D) $35

Question 2

Non-current liabilities are debts that must be paid within one year.

Accepted Answer

A) True 
 B)False

Question 3

What is the purpose of disability insurance?

Accepted Answer

A) Covers medical costs for you and your family members 
B) Pays you for time lost from work due to a job injury 
C) Provides medical coverage to individuals with disabilities 
D) Pays an income to you when you are unable to work because of illness for an extended period of time 
A) Covers medical costs for you and your family members 
B) Pays you for time lost from work due to a job injury 
C) Provides medical coverage to individuals with disabilities 
D) Pays an income to you when you are unable to work because of illness for an extended period of time

Question 4

Something that can be used, as opposed to an investment, is called an intangible asset.

Accepted Answer

A) True 
 B)False

Question 5

After writing your résumé and cover letter, the next step is to:

Accepted Answer

A) create a list of companies you would like to work for. 
B) practice interview skills. 
C) buy clothes for an interview. 
D) network with friends and family. 
A) create a list of companies you would like to work for. 
B) practice interview skills. 
C) buy clothes for an interview. 
D) network with friends and family.

Question 6

Cash outflows include debt repayment, including credit cards and loans.

Accepted Answer

A) True 
 B)False

Question 7

Patricia Greene has just set some short-term goals.These goals should be all of the following except _____.

Accepted Answer

A) for a definite time frame 
B) realistic 
C) very difficult to achieve 
D) measurable 
A) for a definite time frame 
B) realistic 
C) very difficult to achieve 
D) measurable

Question 8

Discuss the principle of the time value of money and how it works.

Accepted Answer

The principle of the time value of money

Question 9

In 2006 and 2007, largely because of _____, banks and other institutions that made mortgage loans began losing huge sums of money.

Accepted Answer

A) mortgage loan defaults 
B) higher interest rates 
C) a recession 
D) an economic downturn 
A) mortgage loan defaults 
B) higher interest rates 
C) a recession 
D) an economic downturn

Question 10

The majority of FICO scores fall into the 700-900 range.

Accepted Answer

A) True 
 B)False

Question 11

Discuss today's relevance of the saying from the great English writer, Samuel Johnson, "Do not accustom yourself to consider debt only as an inconvenience; you will find it a calamity."

Accepted Answer

The great English writer Samuel Johnson

Question 12

The main purpose of a résumé is to _____.

Accepted Answer

A) get you a job interview 
B) highlight your work experience 
C) emphasize your recent education 
D) point out your skills and abilities 
A) get you a job interview 
B) highlight your work experience 
C) emphasize your recent education 
D) point out your skills and abilities

Question 13

Your FICO score will be _____.

Accepted Answer

A) average if it is in the 600-700 point range. 
B) lower if you pay more than the minimum balance due on your credit cards 
C) higher if you recently applied for several loans 
D) lower if you have borrowed from a mix of lenders 
A) average if it is in the 600-700 point range. 
B) lower if you pay more than the minimum balance due on your credit cards 
C) higher if you recently applied for several loans 
D) lower if you have borrowed from a mix of lenders

Question 14

Finance concerns the flow of money from one place to another.

Accepted Answer

A) True 
 B)False

Question 15

The purpose(s) of a cover letter is to:

Accepted Answer

A) indicate why you are sending your resume. 
B) detail your educational achievements and relevant job experiences. 
C) highlight your qualifications. 
D) both a and C 
A) indicate why you are sending your resume. 
B) detail your educational achievements and relevant job experiences. 
C) highlight your qualifications. 
D) both a and C

Question 16

It is against the law to charge a higher interest rate to individuals with poor credit.

Accepted Answer

A) True 
 B)False

Question 17

_____ can erode the value of money over time.

Accepted Answer

A) Deflation 
B) Inflation 
C) Interest 
D) Poor economic times 
A) Deflation 
B) Inflation 
C) Interest 
D) Poor economic times

Question 18

Basically all credit cards are the same in terms of interest rates, fees and payment schedules.

Accepted Answer

A) True 
 B)False

Question 19

What are subprime loans?

Accepted Answer

Subprime loans are made to would?be home

Question 20

What is your primary goal during a job interview?

Accepted Answer

A) To get a job offer 
B) To discuss salary 
C) To discuss job benefits 
D) To decide if you want to work for the company 
A) To get a job offer 
B) To discuss salary 
C) To discuss job benefits 
D) To decide if you want to work for the company

For every dollar that you spend on your college education, you can expect to earn about _______ during the course of your life.

Non-current liabilities are debts that must be paid within one year.

What is the purpose of disability insurance?

Something that can be used, as opposed to an investment, is called an intangible asset.

After writing your résumé and cover letter, the next step is to:

Cash outflows include debt repayment, including credit cards and loans.

Patricia Greene has just set some short-term goals.These goals should be all of the following except _____.

Discuss the principle of the time value of money and how it works.

In 2006 and 2007, largely because of _____, banks and other institutions that made mortgage loans began losing huge sums of money.

The majority of FICO scores fall into the 700-900 range.

Discuss today's relevance of the saying from the great English writer, Samuel Johnson, "Do not accustom yourself to consider debt only as an inconvenience; you will find it a calamity."

The main purpose of a résumé is to _____.

Your FICO score will be _____.

Finance concerns the flow of money from one place to another.

The purpose(s) of a cover letter is to:

It is against the law to charge a higher interest rate to individuals with poor credit.

_____ can erode the value of money over time.

Basically all credit cards are the same in terms of interest rates, fees and payment schedules.

What are subprime loans?

What is your primary goal during a job interview?

The Foundations of Business

Entrepreneurship

Selecting a Form of Business Ownership

Business Ethics and Social Responsibility

Managing for Business Success

Recruiting, Motivating, and Keeping Quality Employees

Product Design and Development

Operations Management in Manufacturing and Service Industries

Business in a Global Environment

Marketing: Providing Value to Customers

Operating in a Digital Marketing and Social Networking

The Role of Accounting in Business

Managing Financial Resources

Teamwork and Communications

Managing Information and Technology

The Legal and Regulatory Environment of Business

Filters

Exam 15: Personal Finances

For every dollar that you spend on your college education, you can expect to earn about _______ during the course of your life.

Non-current liabilities are debts that must be paid within one year.

What is the purpose of disability insurance?

Something that can be used, as opposed to an investment, is called an intangible asset.

After writing your résumé and cover letter, the next step is to:

Cash outflows include debt repayment, including credit cards and loans.

Patricia Greene has just set some short-term goals.These goals should be all of the following except _____.

Discuss the principle of the time value of money and how it works.

In 2006 and 2007, largely because of _____, banks and other institutions that made mortgage loans began losing huge sums of money.

The majority of FICO scores fall into the 700-900 range.

Discuss today's relevance of the saying from the great English writer, Samuel Johnson, "Do not accustom yourself to consider debt only as an inconvenience; you will find it a calamity."

The main purpose of a résumé is to _____.

Your FICO score will be _____.

Finance concerns the flow of money from one place to another.

The purpose(s) of a cover letter is to:

It is against the law to charge a higher interest rate to individuals with poor credit.

_____ can erode the value of money over time.

Basically all credit cards are the same in terms of interest rates, fees and payment schedules.

What are subprime loans?

What is your primary goal during a job interview?

The Foundations of Business

Entrepreneurship

Selecting a Form of Business Ownership

Business Ethics and Social Responsibility

Managing for Business Success

Recruiting, Motivating, and Keeping Quality Employees

Product Design and Development

Operations Management in Manufacturing and Service Industries

Business in a Global Environment

Marketing: Providing Value to Customers

Operating in a Digital Marketing and Social Networking

The Role of Accounting in Business

Managing Financial Resources

Teamwork and Communications

Managing Information and Technology

The Legal and Regulatory Environment of Business

Filters