Financial Planning

Front

Which of the following is known as purchasing an item on a whim? Options: Impulse, Fixed, Flexible, Online purchase

Back

Impulse

Front

What is the first step of the decision making process?

Back

Identify the decision

Front

Which of the following best describes a budget? A financial tool for consumers with little money, A plan for saving and spending money, A set of restrictions on how to spend money, A statement of your assets and liabilities

Back

A plan for saving and spending money

Front

What is the purpose of a balance sheet?

Back

To determine your net worth

Front

Which of the following is known as something you own: Liabilities, Assets, Net worth, Gross income?

Back

Assets

Front

Which of the following is known as something you owe: Assets, Liabilities, Identity theft, Budgeting?

Back

Liabilities

Front

What is an example of assets?

Back

Paid off house

Front

What is an example of liabilities? Options: Credit card debt, Paycheck, Savings account, Paid off house

Back

Credit card debt

Front

Which of the following is known as conducting business with financial institutions over the internet? Options: online banking, gross income, net income, financial planning

Back

online banking

Front

Which of the following is known as paying bills electronically over the internet rather than sending a paper check through the mail? Options: Online bill presentment, Balance sheet, Online bill payment, Online banking

Back

Online bill payment