PFLE Nine Weeks Review

Front

The role of the entrepreneur in society is to

Back

bring the factors of production together and take the risks of producing.

Front

What is the most likely reason Patrick Guitman might have a high interest rate on a loan for a new car?

Back

His credit rating is below average due to missed payments.

Front

Which of the following is NOT a main function of the entrepreneur?
to make routine pricing decisions,
to innovate,
to assume the risk of economic losses,
to make strategic business decisions

Back

to make routine pricing decisions

Front

The term networking refers to:

Back

making and using contacts to obtain and update career information.

Front

Which of the following would most likely lead to increased economic opportunities? Two year vocational degree, Bachelor's degree, Master's degree, Professional or doctoral degree

Back

Professional or doctoral degree

Front

At the end of the year, Walter received a form that showed his payments from independent contracting. That form is called a:

Back

1099

Front

To apply for a student loan, you must first complete and submit a Free Application for Fedral Student Aid (FAFSA) form.

Back

Federal

Front

Which of the following is the most effective way to prevent identity theft?
Options:
Use the same password for all your accounts to make them easier to remember,
Share your personal information only with trusted friends on social media,
Shred documents containing personal information before disposing of them,
Store your Social Security card in your wallet for quick access

Back

Shred documents containing personal information before disposing of them

Front

Which of the following best describes the "Rule of 72" in investing?

Back

It determines the number of years needed to double your money

Front

What is the primary advantage of starting to invest early with continuous contributions?

Back

Exponential growth over time