Question 1

Advertising empowers you to make an informed choice.

Accepted Answer

A) True 
 B)False

Question 2

Your career path may begin with college,progress to work,and then lead back to college before you are able to attain a top position.

Accepted Answer

A) True 
 B)False

Question 3

What are the two broad categories of monthly expenses?

Accepted Answer

A) Flexible and variable 
B) Variable and fixed 
C) Fixed and static 
D) Static and set 
A) Flexible and variable 
B) Variable and fixed 
C) Fixed and static 
D) Static and set

Question 4

Being proactive in managing your personal budget includes:

Accepted Answer

A) Keeping track of your bank balance 
B) Not spending money unless you have checks left in your checkbook 
C) Locking up the checkbook the bank gives you and only using your debit card 
D) Making sure you are eligible for cash-back incentives with every purchase you make 
A) Keeping track of your bank balance 
B) Not spending money unless you have checks left in your checkbook 
C) Locking up the checkbook the bank gives you and only using your debit card 
D) Making sure you are eligible for cash-back incentives with every purchase you make

Question 5

What should your maximum amount be for monthly discretionary spending?

Accepted Answer

A) $1,200.00,equaling $300.00 per week 
B) The money you have left after paying all of your necessary expenses 
C) 30% of your gross monthly income 
D) One-quarter of your net weekly income 
A) $1,200.00,equaling $300.00 per week 
B) The money you have left after paying all of your necessary expenses 
C) 30% of your gross monthly income 
D) One-quarter of your net weekly income

Question 6

Once tuition and taxes are figured in,college graduates have about the same earning potential as people with only a high school diploma.

Accepted Answer

A) True 
 B)False

Question 7

What do you need to calculate your opportunity cost for work versus college?

Accepted Answer

A) Your post-graduation earning potential,the number of years you have before retirement,and your tuition 
B) Your age,the age you plan on retiring,and your tuition 
C) Your current earnings,your post-graduation earning potential,and the number of years you plan on working 
D) Your tuition,your age,and your current earnings 
A) Your post-graduation earning potential,the number of years you have before retirement,and your tuition 
B) Your age,the age you plan on retiring,and your tuition 
C) Your current earnings,your post-graduation earning potential,and the number of years you plan on working 
D) Your tuition,your age,and your current earnings

Question 8

Adhering to your budget can keep your expenses from exceeding your __________.

Accepted Answer

The answer of Adhering to your budget can keep your...

Question 9

Only business and economics majors should take classes in personal financial management.

Accepted Answer

A) True 
 B)False

Question 10

What does a monthly budget plan accomplish?

Accepted Answer

A) It makes checking your bank balance superfluous 
B) It lets you know exactly where you stand,fiscally,and serves as the base for your personal financial management 
C) It allows you to spend your discretionary maximum 
D) It creates a balance of control in your personal relationships 
A) It makes checking your bank balance superfluous 
B) It lets you know exactly where you stand,fiscally,and serves as the base for your personal financial management 
C) It allows you to spend your discretionary maximum 
D) It creates a balance of control in your personal relationships

Question 11

One of the most vital responsibilities you,as a college student,have is to be a smart money manager,including having good control of discretionary spending.

Accepted Answer

A) True 
 B)False

Question 12

Being a first-rate money manager can:

Accepted Answer

A) Make you get rich quickly 
B) Enable you to increase your discretionary spending 
C) Less often leave you without enough money to pay your rent 
D) Keep you out of the financial trouble many college students have 
A) Make you get rich quickly 
B) Enable you to increase your discretionary spending 
C) Less often leave you without enough money to pay your rent 
D) Keep you out of the financial trouble many college students have

Question 13

What is the key to successful budget planning and management?

Accepted Answer

A) Having a steady job where you earn decent wages 
B) Monitoring your financial position at least daily 
C) Never varying from your allowed expenses 
D) Writing down your total income and your complete listing of planned expenditures 
A) Having a steady job where you earn decent wages 
B) Monitoring your financial position at least daily 
C) Never varying from your allowed expenses 
D) Writing down your total income and your complete listing of planned expenditures

Question 14

Meeting your financial goals likely includes:

Accepted Answer

A) Education,work,and smart savings 
B) Planning,productivity,and procrastination 
C) Education,winning the lottery,and smart investing 
D) Work,education,and luck 
A) Education,work,and smart savings 
B) Planning,productivity,and procrastination 
C) Education,winning the lottery,and smart investing 
D) Work,education,and luck

Advertising empowers you to make an informed choice.

Your career path may begin with college,progress to work,and then lead back to college before you are able to attain a top position.

What are the two broad categories of monthly expenses?

Being proactive in managing your personal budget includes:

What should your maximum amount be for monthly discretionary spending?

Once tuition and taxes are figured in,college graduates have about the same earning potential as people with only a high school diploma.

What do you need to calculate your opportunity cost for work versus college?

Adhering to your budget can keep your expenses from exceeding your __________.

Only business and economics majors should take classes in personal financial management.

What does a monthly budget plan accomplish?

One of the most vital responsibilities you,as a college student,have is to be a smart money manager,including having good control of discretionary spending.

Being a first-rate money manager can:

What is the key to successful budget planning and management?

Meeting your financial goals likely includes:

Foundations for Student Success

Taking Charge of Your Education

Setting Goals

Building Positive Relationships

Learning Strategies

Taking Notes

Studying for Examzes and Exams

Writing With Clarity

Managing Time

Focusing on Health

Building a Career Foundation

Filters

Exam 10: Managing Money

Advertising empowers you to make an informed choice.

Your career path may begin with college,progress to work,and then lead back to college before you are able to attain a top position.

What are the two broad categories of monthly expenses?

Being proactive in managing your personal budget includes:

What should your maximum amount be for monthly discretionary spending?

Once tuition and taxes are figured in,college graduates have about the same earning potential as people with only a high school diploma.

What do you need to calculate your opportunity cost for work versus college?

Adhering to your budget can keep your expenses from exceeding your __________.

Only business and economics majors should take classes in personal financial management.

What does a monthly budget plan accomplish?

One of the most vital responsibilities you,as a college student,have is to be a smart money manager,including having good control of discretionary spending.

Being a first-rate money manager can:

What is the key to successful budget planning and management?

Meeting your financial goals likely includes:

Foundations for Student Success

Taking Charge of Your Education

Setting Goals

Building Positive Relationships

Learning Strategies

Taking Notes

Studying for Examzes and Exams

Writing With Clarity

Managing Time

Focusing on Health

Building a Career Foundation

Filters