Question 1

A Keogh retirement plan is designed for those who work for the government.

Accepted Answer

A) True 
 B)False  False

Question 2

Which of the following statements about borrowing money is correct?

Accepted Answer

A)  Borrow money for ordinary expenses such as food if you are out of cash just before the next payday 
B)  Save about six months of earnings for contingency purposes 
C)  Borrowing for things you want makes sense 
D)  All of the responses are correct 
A)  Borrow money for ordinary expenses such as food if you are out of cash just before the next payday 
B)  Save about six months of earnings for contingency purposes 
C)  Borrowing for things you want makes sense 
D)  All of the responses are correct B

Question 3

__________ insurance means that if you hit someone else with your car,your insurance would pay to repair the damage on the other vehicle,but not your vehicle.

Accepted Answer

Liability

Question 4

Which of the following is an investment benefit of a home?

Accepted Answer

A)  You can live in it 
B)  The payments are relatively fixed 
C)  Paying for a home is a good way to force yourself to save 
D)  All of the responses are correct 
A)  You can live in it 
B)  The payments are relatively fixed 
C)  Paying for a home is a good way to force yourself to save 
D)  All of the responses are correct

Question 5

Full coverage auto insurance means that the insurance would pay for both your car and the other person's car if you hit someone else with your car.

Accepted Answer

A) True 
 B)False

Question 6

Dave has quite a bit of money in the stock market.He finds that it is best to buy stock when everyone else is selling.Dave practices a __________ approach to investing.

Accepted Answer

The answer of Dave has quite a bit of money...

Question 7

A(n)__________ is a contract to make regular payments to a person for life or for a fixed period.

Accepted Answer

A)  Income stream 
B)  Annuity 
C)  Allowance 
D)  Pension stream 
A)  Income stream 
B)  Annuity 
C)  Allowance 
D)  Pension stream

Question 8

A(n)__________ is a contract to make regular payments to a person for life or for a fixed period.

Accepted Answer

The answer of A(n)__________ is a contract to make regular...

Question 9

To take inventory of your financial assets you need to develop an income statement for yourself.

Accepted Answer

A) True 
 B)False

Question 10

The lifetime income of families headed by individuals with a bachelor's degree is:

Accepted Answer

A)  Less than $550,000 
B)  Close to $1 million 
C)  $1.667 million 
D)  $10 million 
A)  Less than $550,000 
B)  Close to $1 million 
C)  $1.667 million 
D)  $10 million

Question 11

__________ life insurance is similar to universal life insurance except that your excess premium is invested in stocks,mutual funds or other high-yielding securities.

Accepted Answer

A)  Term 
B)  Whole 
C)  Variable 
D)  Partial 
A)  Term 
B)  Whole 
C)  Variable 
D)  Partial

Question 12

__________ pays part of the cost of a long-term sickness or an accident.

Accepted Answer

A)  Disability insurance 
B)  Term insurance 
C)  Liability insurance 
D)  Collateral insurance 
A)  Disability insurance 
B)  Term insurance 
C)  Liability insurance 
D)  Collateral insurance

Question 13

The type of home mortgage that has a variable interest rate and thus the payment throughout the life of the loan will change is known as a(n):

Accepted Answer

A)  Variable rate mortgage 
B)  Adjustable rate mortgage 
C)  80/20 loan 
D)  Interest only mortgage 
A)  Variable rate mortgage 
B)  Adjustable rate mortgage 
C)  80/20 loan 
D)  Interest only mortgage

Question 14

Another name for Social Security is Old-Age,Survivors and Disability Insurance Program.

Accepted Answer

A) True 
 B)False

Question 15

Home ownership is a wise investment.

Accepted Answer

A) True 
 B)False

Question 16

Whole life insurance is insurance where some part of the money you pay goes toward pure insurance and another part goes toward savings,so you are buying both insurance and a savings plan.

Accepted Answer

A) True 
 B)False

Question 17

A contrarian approach to investing means purchasing stock when others are selling.

Accepted Answer

A) True 
 B)False

Question 18

A variable contract is a contract to make regular payments to a person for life or for a fixed period.

Accepted Answer

A) True 
 B)False

Question 19

The least expensive and simplest form of life insurance is:

Accepted Answer

A)  Term 
B)  Whole 
C)  Partial 
D)  Universal 
A)  Term 
B)  Whole 
C)  Partial 
D)  Universal

Question 20

An individual retirement account (IRA)allows a person to save a percentage of income,tax free.

Accepted Answer

A) True 
 B)False

A Keogh retirement plan is designed for those who work for the government.

Which of the following statements about borrowing money is correct?

__________ insurance means that if you hit someone else with your car,your insurance would pay to repair the damage on the other vehicle,but not your vehicle.

Which of the following is an investment benefit of a home?

Full coverage auto insurance means that the insurance would pay for both your car and the other person's car if you hit someone else with your car.

Dave has quite a bit of money in the stock market.He finds that it is best to buy stock when everyone else is selling.Dave practices a __________ approach to investing.

A(n)__________ is a contract to make regular payments to a person for life or for a fixed period.

A(n)__________ is a contract to make regular payments to a person for life or for a fixed period.

To take inventory of your financial assets you need to develop an income statement for yourself.

The lifetime income of families headed by individuals with a bachelor's degree is:

__________ life insurance is similar to universal life insurance except that your excess premium is invested in stocks,mutual funds or other high-yielding securities.

__________ pays part of the cost of a long-term sickness or an accident.

The type of home mortgage that has a variable interest rate and thus the payment throughout the life of the loan will change is known as a(n):

Another name for Social Security is Old-Age,Survivors and Disability Insurance Program.

Home ownership is a wise investment.

Whole life insurance is insurance where some part of the money you pay goes toward pure insurance and another part goes toward savings,so you are buying both insurance and a savings plan.

A contrarian approach to investing means purchasing stock when others are selling.

A variable contract is a contract to make regular payments to a person for life or for a fixed period.

The least expensive and simplest form of life insurance is:

An individual retirement account (IRA)allows a person to save a percentage of income,tax free.

Introduction

Making Ethical Decisions and Managing a Socially Responsible Business

Competing in the Global Marketplace

Forms of Business Ownership

Entrepreneurship: Starting and Managing Your Own Business

Management and Leadership in Todays Organizations

Designing Organizational Structures

Managing Human Resources and Labor Relations

Motivating Employees

Achieving World-Class Operations Management

Creating Products and Pricing Strategies to Meet Customers Needs

Distributing and Promoting Products and Services

Filters

Exam 13: Using Technology to Manage Information Lf-Test Scoring Guidelines

A Keogh retirement plan is designed for those who work for the government.

Which of the following statements about borrowing money is correct?

__________ insurance means that if you hit someone else with your car,your insurance would pay to repair the damage on the other vehicle,but not your vehicle.

Which of the following is an investment benefit of a home?

Full coverage auto insurance means that the insurance would pay for both your car and the other person's car if you hit someone else with your car.

Dave has quite a bit of money in the stock market.He finds that it is best to buy stock when everyone else is selling.Dave practices a __________ approach to investing.

A(n)__________ is a contract to make regular payments to a person for life or for a fixed period.

A(n)__________ is a contract to make regular payments to a person for life or for a fixed period.

To take inventory of your financial assets you need to develop an income statement for yourself.

The lifetime income of families headed by individuals with a bachelor's degree is:

__________ life insurance is similar to universal life insurance except that your excess premium is invested in stocks,mutual funds or other high-yielding securities.

__________ pays part of the cost of a long-term sickness or an accident.

The type of home mortgage that has a variable interest rate and thus the payment throughout the life of the loan will change is known as a(n):

Another name for Social Security is Old-Age,Survivors and Disability Insurance Program.

Home ownership is a wise investment.

Whole life insurance is insurance where some part of the money you pay goes toward pure insurance and another part goes toward savings,so you are buying both insurance and a savings plan.

A contrarian approach to investing means purchasing stock when others are selling.

A variable contract is a contract to make regular payments to a person for life or for a fixed period.

The least expensive and simplest form of life insurance is:

An individual retirement account (IRA)allows a person to save a percentage of income,tax free.

Introduction

Making Ethical Decisions and Managing a Socially Responsible Business

Competing in the Global Marketplace

Forms of Business Ownership

Entrepreneurship: Starting and Managing Your Own Business

Management and Leadership in Todays Organizations

Designing Organizational Structures

Managing Human Resources and Labor Relations

Motivating Employees

Achieving World-Class Operations Management

Creating Products and Pricing Strategies to Meet Customers Needs

Distributing and Promoting Products and Services

Filters