Exam (elaborations)
BUSI 352- Exam 2 with 100- correct answers 2025.
- Course
- Institution
BUSI 352- Exam 2 with 100- correct answers 2025.
[Show more]
Content preview
BUSI 352- Exam 2 with 100%correct answers 2025
Which of the following is an example of discretionary expenses?
A. utilities
B. household supplies and maintenance
C. education fund
D. food and groceries - answer C. education fund
Which of the following is true regarding emergency funds for a family?
A. short-term reserves should be placed in publicly-traded stocks and
bonds
B. the more a family invests in stocks and bonds, the more liquid cash
reserves are needed
C. the amount that a family would need is fixed, regardless of
circumstances
D. families should have three to six months of income for emergencies -
answer D. families should have three to six months of income for
emergencies
Which of the following is true regarding a family's savings and
investments?
A. there are a large number of ways someone can increase savings and
investment in the short run
B. a change in attitude is the most important step in increasing savings
and investment
C. a good way to increase savings and investment is to make them
virtually discretionary
D. increasing a standard of living is a good way to increase savings and
investments - answer B. a change in attitude is the most important step in
increasing savings and investment
, Which of the following is true regarding implementing a family budget?
A. absolute accuracy is essential
B. unexpected results can be disregarded as anomalies
C. the form of the budget should be consistent
D. the budget period should be as long as possible - answer C. the form of
the budget should be consistent
Which of the following is true regarding financial statements?
A. assets and liabilities should be presented in order of liquidity
B. business interests can be shown within other investments
C. assets should be shown at purchased price
D> discounts are not required for receivables - answer A. assets and
liabilities should be presented in order of liquidity
Which of the following is NOT an advantage of personal financial
statements?
A. it may require appraisals and asset valuations
B. it provides a means to summarize a person's financial position
C. may force an individual to be realistic about financial goals
D. provides an orderly reference point - answer A. it may require
appraisals and asset valuations
According to the authors, the three C's of credit include the following
EXCEPT:
A. character
B. competence
C. Collateral
D. capacity - answer B. competence
Consumers may obtain copies of their credit history from one of the
following major reporting agencies EXCEPT:
A. experian
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller GUARANTEEDSUCCESS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79223 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now