Question 1

To start budgeting you can:

Accepted Answer

A)  Put a coffee maker in your office instead of buying coffee 
B)  Start saving a small amount each week 
C)  Bring a bagged lunch from home instead of buying lunch at a restaurant 
D)  All of the above 
E)  None of the above 
A)  Put a coffee maker in your office instead of buying coffee 
B)  Start saving a small amount each week 
C)  Bring a bagged lunch from home instead of buying lunch at a restaurant 
D)  All of the above 
E)  None of the above

Question 2

Money going out is:

Accepted Answer

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

Question 3

Credit reports include all personal information about your family in addition to a detailed credit history.

Accepted Answer

A) True 
 B)False

Question 4

The key to good budgeting is cash management.

Accepted Answer

A) True 
 B)False

Question 5

The first step toward creating a budget is to identify goals.

Accepted Answer

A) True 
 B)False

Question 6

Some issues to watch for when applying for a loan are:

Accepted Answer

A)  Hidden costs 
B)  Payment deadlines 
C)  Interest rates 
D)  None of the above 
E)  All of the above 
A)  Hidden costs 
B)  Payment deadlines 
C)  Interest rates 
D)  None of the above 
E)  All of the above

Question 7

Start managing your money:

Accepted Answer

A)  After you have worked in your dream job for a year 
B)  After you get married 
C)  After you finish college 
D)  All of the above 
E)  None of the above 
A)  After you have worked in your dream job for a year 
B)  After you get married 
C)  After you finish college 
D)  All of the above 
E)  None of the above

Question 8

________ is the amount of money that is yours after paying off debt.

Accepted Answer

A)  Liability 
B)  Assets 
C)  Expenses 
D)  All of the above 
E)  None of the above 
A)  Liability 
B)  Assets 
C)  Expenses 
D)  All of the above 
E)  None of the above

Question 9

________ is money you owe.

Accepted Answer

The answer of ________ is money you owe....

Question 10

If you find yourself in a credit hole, only make the minimum monthly payment until you are out of debt.

Accepted Answer

A) True 
 B)False

Question 11

Flexible expenses may include:

Accepted Answer

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

Question 12

Once you complete your first budget, you should not adjust it.

Accepted Answer

A) True 
 B)False

Question 13

Steps toward getting out of debt include:

Accepted Answer

A)  Using your credit card wisely 
B)  Paying other loans with the money from a paid-off loan 
C)  Prioritizing what you owe 
D)  All of the above 
E)  None of the above 
A)  Using your credit card wisely 
B)  Paying other loans with the money from a paid-off loan 
C)  Prioritizing what you owe 
D)  All of the above 
E)  None of the above

Question 14

Expenses that do not change from month to month are referred to as flexible expenses.

Accepted Answer

A) True 
 B)False

Question 15

It is best to set up a budget on a yearly basis.

Accepted Answer

A) True 
 B)False

Question 16

Explain what is involved in personal financial management.

Accepted Answer

Since personal financial management is t

Question 17

The way to build good credit is to:

Accepted Answer

A)  Secure a credit card, but never use it 
B)  Pay off the credit card in full, each month 
C)  Purchase unnecessary items 
D)  All of the above 
A)  Secure a credit card, but never use it 
B)  Pay off the credit card in full, each month 
C)  Purchase unnecessary items 
D)  All of the above

Question 18

The best way to stay out of the debt hole is to:

Accepted Answer

A)  Never get a credit card 
B)  Get a credit card, but never use it 
C)  Get a credit card, and use it when needed 
D)  Get a credit card, but carefully manage its use and repayment 
A)  Never get a credit card 
B)  Get a credit card, but never use it 
C)  Get a credit card, and use it when needed 
D)  Get a credit card, but carefully manage its use and repayment

Question 19

Do not start a savings and investment plan until you get a good paying job.

Accepted Answer

A) True 
 B)False

Question 20

You should keep your savings hidden in a safe place at home.

Accepted Answer

A) True 
 B)False

To start budgeting you can:

Money going out is:

Credit reports include all personal information about your family in addition to a detailed credit history.

The key to good budgeting is cash management.

The first step toward creating a budget is to identify goals.

Some issues to watch for when applying for a loan are:

Start managing your money:

________ is the amount of money that is yours after paying off debt.

________ is money you owe.

If you find yourself in a credit hole, only make the minimum monthly payment until you are out of debt.

Flexible expenses may include:

Once you complete your first budget, you should not adjust it.

Steps toward getting out of debt include:

Expenses that do not change from month to month are referred to as flexible expenses.

It is best to set up a budget on a yearly basis.

Explain what is involved in personal financial management.

The way to build good credit is to:

The best way to stay out of the debt hole is to:

Do not start a savings and investment plan until you get a good paying job.

You should keep your savings hidden in a safe place at home.

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

To start budgeting you can:

Money going out is:

Credit reports include all personal information about your family in addition to a detailed credit history.

The key to good budgeting is cash management.

The first step toward creating a budget is to identify goals.

Some issues to watch for when applying for a loan are:

Start managing your money:

________ is the amount of money that is yours after paying off debt.

________ is money you owe.

If you find yourself in a credit hole, only make the minimum monthly payment until you are out of debt.

Flexible expenses may include:

Once you complete your first budget, you should not adjust it.

Steps toward getting out of debt include:

Expenses that do not change from month to month are referred to as flexible expenses.

It is best to set up a budget on a yearly basis.

Explain what is involved in personal financial management.

The way to build good credit is to:

The best way to stay out of the debt hole is to:

Do not start a savings and investment plan until you get a good paying job.

You should keep your savings hidden in a safe place at home.

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