University:
University of the People
Course:
BUS 2204 | Personal Finance
Academic year:

2023
Views:

497

Pages:

5
Author:

visappointors

Question 1 Correct Mark 1.00 out of 1.00 The financial decision making process is complicated by all of the following factors EXCEPT __________. Select one: a. uncertainty and risk. b. the number of factors to consider. c. the use of information in planning.  d. the complexity of relationships among factors. e. the relative importance of consequences. The correct answer is: the use of information in planning. Question 2 Correct Mark 1.00 out of 1.00 Your financial planning should reflect the realities of your career choice because your choice of career affects your __________. Select one: a. health and safety risks. b. salary and benefits. c. career duration. d. b. and c. e. a., b., and c.  The correct answer is: a., b., and c. 1/5 Question 3 Correct Mark 1.00 out of 1.00 Your time horizon for financial planning is __________. Select one: a. the time it takes to set goals. b. the five-year plan. c. the time it takes to realize goals. d. life long. e.  approximately 65 years. The correct answer is: life long. Question 4 Correct Mark 1.00 out of 1.00 Individual factors may affect all the following financial situations EXCEPT __________. Select one: a. inflation.  b. income. c. income needs. d. risk tolerance. e. wealth. The correct answer is: inflation. 2/5 Question 5 Correct Mark 1.00 out of 1.00 Periods of contraction in the economy often lead to __________. Select one: a. reduced returns on investment.  b. an increase in the employment rate. c. growth in job creation. d. greater consumption. e. greater participation in the capital markets. The correct answer is: reduced returns on investment. Question 6 Correct Mark 1.00 out of 1.00 An effect of deflation is that your money __________. Select one: a. is worth more and buys more.  b. is worth less and buys less. c. has less purchasing power. d. is less useful as a medium of exchange. e. is more stable. The correct answer is: is worth more and buys more. 3/5 Question 7 Correct Mark 1.00 out of 1.00 Because of inflation, the school supplies you bought for $20 last year now cost __________. Select one: a. $19.95. b. $10. c. $15. d. $30. e.  $12.95. The correct answer is: $30. Question 8 Correct Mark 1.00 out of 1.00 In financial planning, effective goals are __________. Select one: a. timely. b. specific and measurable. c. realistic and attainable. d. b. and c. e. a., b., and c.  The correct answer is: a., b., and c. 4/5 Question 9 Correct Mark 1.00 out of 1.00 Financial advisors may assist through all the following services EXCEPT __________. Select one: a. tax planning. b. career planning. c.  estate planning. d. investment planning. e. business financial planning. The correct answer is: career planning. Question 10 Correct Mark 1.00 out of 1.00 Characteristics of financial advisors to look for include __________. Select one: a. manner of compensation. b. ability to give subjective advice. c. professional training. d. a. and c. e.  a., b., and c. The correct answer is: a. and c. ◄ Learning Journal Unit 1 Jump to... Textbook Chapter 1 ► 5/5

Finance Self-Quiz Unit 1 Attempt Review 2

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