Question 1

An example of an expense is rent.

Accepted Answer

A) True 
 B)False  True

Question 2

Financial success begins with discipline and planning.

Accepted Answer

A) True 
 B)False  True

Question 3

________ are tangible items that you owe that are worth money.

Accepted Answer

Assets

Question 4

An automatic deduction plan helps your savings plan because your money is automatically deducted from your paycheck.

Accepted Answer

A) True 
 B)False

Question 5

The process of controlling your income and expenses is known as banking.

Accepted Answer

A) True 
 B)False

Question 6

A ________ is a detailed financial plan for a specific period of time.

Accepted Answer

A)  Income statement 
B)  Investment strategy 
C)  Pay check 
D)  Savings plan 
E)  Budget 
A)  Income statement 
B)  Investment strategy 
C)  Pay check 
D)  Savings plan 
E)  Budget

Question 7

An example of income is money that comes from a student loan.

Accepted Answer

A) True 
 B)False

Question 8

Personal financial management is important in your career and work performance.

Accepted Answer

A) True 
 B)False

Question 9

It is important to keep a copy of your driver's license, social security number, and all credit information in a secure location at home.

Accepted Answer

A) True 
 B)False

Question 10

Goals are not supported by your finances.

Accepted Answer

A) True 
 B)False

Question 11

A financial plan:

Accepted Answer

A)  Should be developed prior to your personal goals 
B)  Should include short-term and long-term goals 
C)  Is a result of your career success 
D)  All of the above 
A)  Should be developed prior to your personal goals 
B)  Should include short-term and long-term goals 
C)  Is a result of your career success 
D)  All of the above

Question 12

Credit reports:

Accepted Answer

A)  Only report credit history under your current name 
B)  Only report payments that were made on time 
C)  Can only be secured without your permission 
D)  Show any liens, foreclosures, or bankruptcies 
A)  Only report credit history under your current name 
B)  Only report payments that were made on time 
C)  Can only be secured without your permission 
D)  Show any liens, foreclosures, or bankruptcies

Question 13

The three credit reporting agencies include:

Accepted Answer

A)  Lehman Brothers, Equifax, and Merrill Lynch 
B)  TransUnion, Equifax, and Lehman Brothers 
C)  Equifax, Merrill Lynch, and Experian 
D)  Equifax, Experian, and TransUnion 
A)  Lehman Brothers, Equifax, and Merrill Lynch 
B)  TransUnion, Equifax, and Lehman Brothers 
C)  Equifax, Merrill Lynch, and Experian 
D)  Equifax, Experian, and TransUnion

Question 14

Credit reports include all personal identification information.

Accepted Answer

A) True 
 B)False

Question 15

When creating a budget, use your:

Accepted Answer

A)  Net income 
B)  Taxes 
C)  Miscellaneous income 
D)  All of the above 
E)  None of the above 
A)  Net income 
B)  Taxes 
C)  Miscellaneous income 
D)  All of the above 
E)  None of the above

Question 16

Knowing your expenses:

Accepted Answer

A)  Provides money for money wasters 
B)  Help you keep track of your spending 
C)  Helps you identify your gross total income 
D)  All of the above 
A)  Provides money for money wasters 
B)  Help you keep track of your spending 
C)  Helps you identify your gross total income 
D)  All of the above

Question 17

It is important to have a miscellaneous category in your budget because you will use it frequently.

Accepted Answer

A) True 
 B)False

Question 18

Personal financial management will:

Accepted Answer

A)  Make reaching goals more difficult 
B)  Begin when you get your dream job 
C)  Restrict your activities 
D)  All of the above 
E)  None of the above 
A)  Make reaching goals more difficult 
B)  Begin when you get your dream job 
C)  Restrict your activities 
D)  All of the above 
E)  None of the above

Question 19

If you are careful with your private information, you do not have to worry about identity theft.

Accepted Answer

A) True 
 B)False

Question 20

An example of a fixed expense is:

Accepted Answer

A)  Clothing costs 
B)  Food costs 
C)  Rent 
D)  All of the above 
E)  None of the above 
A)  Clothing costs 
B)  Food costs 
C)  Rent 
D)  All of the above 
E)  None of the above

An example of an expense is rent.

Financial success begins with discipline and planning.

________ are tangible items that you owe that are worth money.

An automatic deduction plan helps your savings plan because your money is automatically deducted from your paycheck.

The process of controlling your income and expenses is known as banking.

A ________ is a detailed financial plan for a specific period of time.

An example of income is money that comes from a student loan.

Personal financial management is important in your career and work performance.

It is important to keep a copy of your driver's license, social security number, and all credit information in a secure location at home.

Goals are not supported by your finances.

A financial plan:

Credit reports:

The three credit reporting agencies include:

Credit reports include all personal identification information.

When creating a budget, use your:

Knowing your expenses:

It is important to have a miscellaneous category in your budget because you will use it frequently.

Personal financial management will:

If you are careful with your private information, you do not have to worry about identity theft.

An example of a fixed expense is:

Your Attitude and Personality

Personal Financial Management

Time and Stress Managementorganizational Skills

Ethics, Politics, and Diversity

Etiquettedress

Customer Servicequality

Human Resource Management

Communication

Accountability and Workplace Relationships

Teamwork, Motivation, and Leadership

Conflict and Negotiation

Job Search Skills

Resume Package

Interview Techniques

Career and Life Changes

Filters

Exam 2: Goal Setting and Life Management

An example of an expense is rent.

Financial success begins with discipline and planning.

________ are tangible items that you owe that are worth money.

An automatic deduction plan helps your savings plan because your money is automatically deducted from your paycheck.

The process of controlling your income and expenses is known as banking.

A ________ is a detailed financial plan for a specific period of time.

An example of income is money that comes from a student loan.

Personal financial management is important in your career and work performance.

It is important to keep a copy of your driver's license, social security number, and all credit information in a secure location at home.

Goals are not supported by your finances.

A financial plan:

Credit reports:

The three credit reporting agencies include:

Credit reports include all personal identification information.

When creating a budget, use your:

Knowing your expenses:

It is important to have a miscellaneous category in your budget because you will use it frequently.

Personal financial management will:

If you are careful with your private information, you do not have to worry about identity theft.

An example of a fixed expense is:

Your Attitude and Personality

Personal Financial Management

Time and Stress Managementorganizational Skills

Ethics, Politics, and Diversity

Etiquettedress

Customer Servicequality

Human Resource Management

Communication

Accountability and Workplace Relationships

Teamwork, Motivation, and Leadership

Conflict and Negotiation

Job Search Skills

Resume Package

Interview Techniques

Career and Life Changes

Filters