Exam 17: Personal Financial Planning and Legal and Regulatory Environment

Kevin signed a work-for-hire agreement to develop a mobile application for an investment company. However, he failed to deliver the application that he promised. This is an example of

Mediation and arbitration differ in that a mediator

In the process of creating his budget, Thomas must consider his nondiscretionary expenditures before his discretionary expenditures. What would most likely be one of his nondiscretionary expenditures?

What is something the Federal Trade Commission might do to assist businesses in complying with laws?

Which statement is accurate when comparing term life insurance and permanent life insurance?

Any time you receive money or pay for something, the dollar amount that is moving from one person to another is a(n)

The central focus for future legislation of business conducted on the Internet is the assurance of quality control.

Which statement best describes the function of the Bipartisan Student Loan Certainty Act?

All of the following are essential components of an estate plan EXCEPT

Sandy is a 50-year-old woman who has a negative net worth. All of the following are possible causes for this situation EXCEPT

What happens when you pay minimum payments on credit purchases?

Nearly everyone should include retirement planning as a long-term objective.

Which statement is TRUE regarding insurance needs for people who rent apartments?

Ashley's company provides her with three health insurance plan options. In the first option, the insurer simply pays for whatever covered medical costs she incurs, subject to the deductible and coinsurance. The second option is an HMO and the third option is a PPO. Which statement accurately describes Ashley's options?

Ben owns a bus line that regularly makes trips between San Francisco and Los Angeles. What agency would most likely regulate Ben's bus company rates and finances?

Ryan is a 12-year-old boy who enjoys going on the Internet and playing online games. To play the online games, he has to enter one of this parent's credit card numbers, as well as personal information like his birthday and Social Security number. What is a rising problem among children who use the Internet to which Ryan may fall victim?

All of the following are TRUE about the role of federal regulatory agencies in business EXCEPT they

Reynaldo has been a credit card user for several years. He always pays his monthly balance in full on time. All of the following are things he can expect from his credit card company EXCEPT

Vanessa has a student loan that she is paying off, and she pays the same amount every month. Although her payment amount is high, she will pay off her loan more quickly with fewer interest payments because she is following the ________ repayment plan.

Ishmael is a taxi driver. One day, he is driving a customer to the airport and he rear-ends the car in front of him, injuring his customer. The injured customer might sue the driver and the taxi company for damages resulting from the accident. This scenario is an example of