Career Prep B Final Exam

Front

What are the different types of income? Options: Wages and Salaries, Commissions, Interest Income, All of the above

Back

All of the above

Front

The cost of food is considered a ______expense.

Back

Variable Expense

Front

_______ is a way to prepare in advance for planned purchases and to have sufficient funds on hand for unexpected expenses.

Back

Spending Plan

Front

Possessions that generally increase in value or provide a return.

Back

Assets

Front

A debt is the same as a _____?

Back

Liability

Front

Assets - Liabilities = ?

Back

Net Worth

Front

Which is the best value: The first pair of high quality boots is handmade from real leather, has a lifetime warranty, and costs $175. The second pair of boots is machine made from imitation leather, does not have a lifetime warranty, and costs $65.

Back

High quality boots for $175.

Front

A check is an alternative to paying with______?

Back

Cash

Front

Paying with cash has a greater _________?

Back

Negotiation Power

Front

When paying with debit cards, some accounts require an 

Back

Additional Fee