PFL_4

Standards against which progress is measured in reaching goals are called

• benchmarks

• timelines

• variances

• assets

A personal net worth statement shows a person’s cash inflows and cash outflows for a period of time.

• True

• False

Which of the following is a common Internet scam in which an e-mail is sent from someone posing as your bank or other legitimate business asking for personal information?

• phishing

• hacking

• Ponzi scheme

• pigeon drop

Generally, websites ending in .edu, .gov, and .org are less likely to be biased, or to show preference toward a certain financial product, than those ending in .com, .net, or .biz.

• True

• False

A goal you expect to achieve by next year would be classified as a short-term goal.

• True

• False

The amount of money a person has to spend after needs are met is called

• net cash flow

• discretionary income

• net worth

• disposable income

Savings should be added to income when balancing the budget.

• True

• False

Which of the following would be considered a fixed expense?

• gasoline

• clothing

• entertainment

• rent

Software or a hardware device that filters information coming in to your computer is called a(n)

• phishing net

• hacker

• firewall

• identity saver

Your wealth can be measured using the personal cash flow statement.

• True

• False