Question 1

Practicing good financial management while still in college benefits you because:

Accepted Answer

A)  Budgets keep you focused and eliminate waste 
B)  You will most likely be earning more money once you complete your education 
C)  Poor credit decisions will haunt you in the future 
D)  All of the above 
A)  Budgets keep you focused and eliminate waste 
B)  You will most likely be earning more money once you complete your education 
C)  Poor credit decisions will haunt you in the future 
D)  All of the above

Question 2

When applying for credit, lenders will consider your:

Accepted Answer

A)  Capacity 
B)  Collateral 
C)  Character 
D)  All of the above 
E)  None of the above 
A)  Capacity 
B)  Collateral 
C)  Character 
D)  All of the above 
E)  None of the above

Question 3

As your income increases, your expenses will decrease.

Accepted Answer

A) True 
 B)False

Question 4

If you find yourself in a credit hole, it is better to:

Accepted Answer

A)  Keep buying 
B)  Stop making payments 
C)  Not worry about late payments 
D)  All of the above 
E)  None of the above 
A)  Keep buying 
B)  Stop making payments 
C)  Not worry about late payments 
D)  All of the above 
E)  None of the above

Question 5

You are entitled to a copy of your credit report:

Accepted Answer

A)  Once every twelve months from each agency for free 
B)  Whenever you are denied credit 
C)  Both A and B 
D)  none of the above 
A)  Once every twelve months from each agency for free 
B)  Whenever you are denied credit 
C)  Both A and B 
D)  none of the above

Question 6

Money coming in is called:

Accepted Answer

A)  Gross amount 
B)  Expense 
C)  Income 
D)  All of the above 
E)  None of the above 
A)  Gross amount 
B)  Expense 
C)  Income 
D)  All of the above 
E)  None of the above

Question 7

If you find yourself in a credit hole:

Accepted Answer

A)  Skip making payments until you can afford to pay off your bill 
B)  Make late payments only on your largest debt 
C)  Take out a loan to pay off your debt 
D)  None of the above 
A)  Skip making payments until you can afford to pay off your bill 
B)  Make late payments only on your largest debt 
C)  Take out a loan to pay off your debt 
D)  None of the above

Question 8

If you have a credit card:

Accepted Answer

A)  Pay it off each month 
B)  Spend wisely 
C)  Use it as a tool to gain good credit 
D)  All of the above 
E)  None of the above 
A)  Pay it off each month 
B)  Spend wisely 
C)  Use it as a tool to gain good credit 
D)  All of the above 
E)  None of the above

Question 9

You should never take out a loan.

Accepted Answer

A) True 
 B)False

Question 10

To prevent identity theft:

Accepted Answer

A)  Provide personal information over the Internet 
B)  Dispose of junk mail properly 
C)  Sign up for credit card and marketing lists 
D)  All of the above 
A)  Provide personal information over the Internet 
B)  Dispose of junk mail properly 
C)  Sign up for credit card and marketing lists 
D)  All of the above

Question 11

Your goals are supported by your finances.

Accepted Answer

A) True 
 B)False

Question 12

Steps toward getting out of debt include:

Accepted Answer

A)  Pay off your bill with the smallest interest first 
B)  Purchase only low cost items on a credit card 
C)  After you pay off a loan, reward yourself by spending a small amount of cash 
D)  None of the above 
A)  Pay off your bill with the smallest interest first 
B)  Purchase only low cost items on a credit card 
C)  After you pay off a loan, reward yourself by spending a small amount of cash 
D)  None of the above

Question 13

You will be able to save without sacrificing other spending if you set up a budget.

Accepted Answer

A) True 
 B)False

Question 14

It is better to average flexible expenses than to try to determine which months may be more or less.

Accepted Answer

A) True 
 B)False

Question 15

Investments:

Accepted Answer

A)  Are the same as savings 
B)  Should be a priority when receiving a paycheck 
C)  Both A and B 
D)  None of the above 
A)  Are the same as savings 
B)  Should be a priority when receiving a paycheck 
C)  Both A and B 
D)  None of the above

Question 16

A(n) ________ is a debt that you owe.

Accepted Answer

The answer of A(n) ________ is a debt that you...

Question 17

An example of a personal asset is a:

Accepted Answer

A)  Job 
B)  Paycheck 
C)  Car 
D)  All of the above 
E)  None of the above 
A)  Job 
B)  Paycheck 
C)  Car 
D)  All of the above 
E)  None of the above

Question 18

Many employers believe that if you cannot control your personal finances you may not be a responsible employee.

Accepted Answer

A) True 
 B)False

Question 19

A FICO score:

Accepted Answer

A)  Is a common credit rating system 
B)  Is only issued through banks 
C)  Is a type of credit report 
D)  None of the above 
A)  Is a common credit rating system 
B)  Is only issued through banks 
C)  Is a type of credit report 
D)  None of the above

Question 20

A(n) ________ is money you owe.

Accepted Answer

A)  Bill 
B)  Debt 
C)  Expense 
D)  All of the above 
E)  None of the above 
A)  Bill 
B)  Debt 
C)  Expense 
D)  All of the above 
E)  None of the above

Practicing good financial management while still in college benefits you because:

When applying for credit, lenders will consider your:

As your income increases, your expenses will decrease.

If you find yourself in a credit hole, it is better to:

You are entitled to a copy of your credit report:

Money coming in is called:

If you find yourself in a credit hole:

If you have a credit card:

You should never take out a loan.

To prevent identity theft:

Your goals are supported by your finances.

Steps toward getting out of debt include:

You will be able to save without sacrificing other spending if you set up a budget.

It is better to average flexible expenses than to try to determine which months may be more or less.

Investments:

A(n) ________ is a debt that you owe.

An example of a personal asset is a:

Many employers believe that if you cannot control your personal finances you may not be a responsible employee.

A FICO score:

A(n) ________ is money you owe.

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

Practicing good financial management while still in college benefits you because:

When applying for credit, lenders will consider your:

As your income increases, your expenses will decrease.

If you find yourself in a credit hole, it is better to:

You are entitled to a copy of your credit report:

Money coming in is called:

If you find yourself in a credit hole:

If you have a credit card:

You should never take out a loan.

To prevent identity theft:

Your goals are supported by your finances.

Steps toward getting out of debt include:

You will be able to save without sacrificing other spending if you set up a budget.

It is better to average flexible expenses than to try to determine which months may be more or less.

Investments:

A(n) ________ is a debt that you owe.

An example of a personal asset is a:

Many employers believe that if you cannot control your personal finances you may not be a responsible employee.

A FICO score:

A(n) ________ is money you owe.

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