Question 1

Almost all of the U.S.population has accumulated enough money by retirement age to live comfortably.

Accepted Answer

A) True 
 B)False

Question 2

A(n)__________ mortgage has a fixed interest rate and the payment is the same throughout the life of the loan.

Accepted Answer

A)  Fixed rate 
B)  Interest only 
C)  80/20 
D)  Set rate 
A)  Fixed rate 
B)  Interest only 
C)  80/20 
D)  Set rate

Question 3

The value of an investment at some future point in time is called its __________.

Accepted Answer

The answer of The value of an investment at some...

Question 4

Liability auto insurance means that if you hit someone else with your car,your insurance would pay to repair both cars.

Accepted Answer

A) True 
 B)False

Question 5

A co-payment is an amount paid when medical services are rendered.

Accepted Answer

A) True 
 B)False

Question 6

Mortgage payments should not amount to more than 28% of your net income.

Accepted Answer

A) True 
 B)False

Question 7

Explain the reasons why credit cards are an important element in a personal financial system,even if the rise person rarely uses them.

Accepted Answer

Some merchants request credit cards as a

Question 8

List and explain the six steps to controlling your assets.

Accepted Answer

Take an inventory of your financial asse

Question 9

Your budget is your financial plan.

Accepted Answer

A) True 
 B)False

Question 10

A Roth IRA is an investment that does not get up-front deductions on taxes,but the earnings grow tax-free and are tax-free when they are withdrawn.

Accepted Answer

A) True 
 B)False

Question 11

A Roth IRA is an investment that gets tax deductions when the money is deposited in the account.

Accepted Answer

A) True 
 B)False

Question 12

__________ insurance is pure insurance protection with no savings feature for a given number of years that typically costs less the younger you buy it.

Accepted Answer

The answer of __________ insurance is pure insurance protection with...

Question 13

Which of the following statements about IRA accounts is true?

Accepted Answer

A)  An IRA is a taxable investment plan that enables a person to save part of his or her income for retirement 
B)  Current income taxes are paid on IRA deposits 
C)  The benefit of an IRA is that invested money is not taxed 
D)  IRA earnings are not taxed as income when they are withdrawn 
A)  An IRA is a taxable investment plan that enables a person to save part of his or her income for retirement 
B)  Current income taxes are paid on IRA deposits 
C)  The benefit of an IRA is that invested money is not taxed 
D)  IRA earnings are not taxed as income when they are withdrawn

Question 14

Mortgage payments shouldn't amount to more than 28% of your net income.

Accepted Answer

A) True 
 B)False

Question 15

Discuss the difference between a will and a power of attorney.

Accepted Answer

A will is a document that names the guar

Question 16

Explain the difference between term,whole life and universal life insurance.

Accepted Answer

Term life insurance is the least expensi

Question 17

__________ will change significantly by the time the youth of today retire.

Accepted Answer

A)  Social Security 
B)  Life insurance 
C)  401(k) plans 
D)  Auto insurance 
A)  Social Security 
B)  Life insurance 
C)  401(k) plans 
D)  Auto insurance

Question 18

When homeowner's or renter's insurance is purchased it is important to stipulate that you want guaranteed replacement cost,which will replace items,not give the depreciated value of them.

Accepted Answer

A) True 
 B)False

Question 19

Once people buy a home,the payments are relatively fixed.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is a step to controlling your assets?

Accepted Answer

A)  Take an inventory of your financial assets 
B)  Keep track of all of your expenses 
C)  Start a savings plan 
D)  All of the responses are correct 
A)  Take an inventory of your financial assets 
B)  Keep track of all of your expenses 
C)  Start a savings plan 
D)  All of the responses are correct

Almost all of the U.S.population has accumulated enough money by retirement age to live comfortably.

A(n)__________ mortgage has a fixed interest rate and the payment is the same throughout the life of the loan.

The value of an investment at some future point in time is called its __________.

Liability auto insurance means that if you hit someone else with your car,your insurance would pay to repair both cars.

A co-payment is an amount paid when medical services are rendered.

Mortgage payments should not amount to more than 28% of your net income.

Explain the reasons why credit cards are an important element in a personal financial system,even if the rise person rarely uses them.

List and explain the six steps to controlling your assets.

Your budget is your financial plan.

A Roth IRA is an investment that does not get up-front deductions on taxes,but the earnings grow tax-free and are tax-free when they are withdrawn.

A Roth IRA is an investment that gets tax deductions when the money is deposited in the account.

__________ insurance is pure insurance protection with no savings feature for a given number of years that typically costs less the younger you buy it.

Which of the following statements about IRA accounts is true?

Mortgage payments shouldn't amount to more than 28% of your net income.

Discuss the difference between a will and a power of attorney.

Explain the difference between term,whole life and universal life insurance.

__________ will change significantly by the time the youth of today retire.

When homeowner's or renter's insurance is purchased it is important to stipulate that you want guaranteed replacement cost,which will replace items,not give the depreciated value of them.

Once people buy a home,the payments are relatively fixed.

Which of the following is a step to controlling your assets?

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

Almost all of the U.S.population has accumulated enough money by retirement age to live comfortably.

A(n)__________ mortgage has a fixed interest rate and the payment is the same throughout the life of the loan.

The value of an investment at some future point in time is called its __________.

Liability auto insurance means that if you hit someone else with your car,your insurance would pay to repair both cars.

A co-payment is an amount paid when medical services are rendered.

Mortgage payments should not amount to more than 28% of your net income.

Explain the reasons why credit cards are an important element in a personal financial system,even if the rise person rarely uses them.

List and explain the six steps to controlling your assets.

Your budget is your financial plan.

A Roth IRA is an investment that does not get up-front deductions on taxes,but the earnings grow tax-free and are tax-free when they are withdrawn.

A Roth IRA is an investment that gets tax deductions when the money is deposited in the account.

__________ insurance is pure insurance protection with no savings feature for a given number of years that typically costs less the younger you buy it.

Which of the following statements about IRA accounts is true?

Mortgage payments shouldn't amount to more than 28% of your net income.

Discuss the difference between a will and a power of attorney.

Explain the difference between term,whole life and universal life insurance.

__________ will change significantly by the time the youth of today retire.

When homeowner's or renter's insurance is purchased it is important to stipulate that you want guaranteed replacement cost,which will replace items,not give the depreciated value of them.

Once people buy a home,the payments are relatively fixed.

Which of the following is a step to controlling your assets?

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