Personal Finance Final Exam Questions With Verified And Reviewed Answers | Already Passed!!
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Course
Personal Finance
Institution
Personal Finance
Personal Finance Final Exam
Questions With Verified And
Reviewed Answers
| Already Passed!!
1) The first three steps of economic decision-making are to:
a. draw a conclusion, construct a model, and make a generalization.
b. identify assumptions, make a policy, evaluate the policy.
c....
Personal Finance Final Exam
Questions With Verified And
Reviewed Answers
| Already Passed!!
1) The first three steps of economic decision-making are to:
a. draw a conclusion, construct a model, and make a generalization.
b. identify assumptions, make a policy, evaluate the policy.
c. gather facts, form a theory, and conduct a simulation.
d. define the problem, list alternatives, and state criteria. - ANSWER D.
2) Which is most likely to improve a person's chances of getting a job?
a. supplying a neat and accurate application
b. preparing a resume only if an employer requests one
c. classified job advertisements in newspapers
d. dressing for an interview in a manner that is provocative - ANSWER A.
3) An approach to finding out about job opportunities that consists of contact
with friends and family members who might be able to connect to you to a
potential employer is called:
a. logrolling.
b. recruiting.
c. connecting.
, d. networking. - ANSWER D.
4) A typical characteristic of entrepreneurs is that they:
a. like to work part-time.
b. willing to take risks.
c. would rather save than invest.
d. enjoy working under supervision. - ANSWER B.
5) Human capital consists of:
a. stocks and bonds.
b. knowledge and skills.
c. plant and equipment.
d. saving and investments. - ANSWER B.
6) What is the difference between gross and net pay?
a. Net pay is gross pay minus saving.
b. Gross pay is net pay minus saving.
c. Gross pay is net pay minus deductions.
d. Net pay is gross pay minus deductions. - ANSWER D.
7) An employee works 40 hours per week at $10 per hour. The deductions per
week are $50 in federal income taxes, $20 in state income taxes, and $30 in Social
Security taxes. What is the net pay for the week?
a. $300
b. $330
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