Unit 2 - Financial Planning

Unit 2 - Financial Planning

11th Grade

5 Qs

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Unit 2 - Financial Planning

Unit 2 - Financial Planning

Assessment

Quiz

Business

11th Grade

Medium

Created by

Veronica Marine

Used 44+ times

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A statement of actual income and spending for a certain time period, usually a year or month.

A mortgage

Break-even

Cash flow

Profit and loss

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Items of value owned by an individual that are likely to increase in value over time, such as savings, investments, and real estate.

Regular Assets

Liabilities

Wealth Building Assets

Net worth

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The debts of a person or company; loans or expenses that must be paid.

Liabilities

Assets

Income Statement

Statement of Cash Flows

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A list of all of a person's assets and liabilities at a specific point in time. This Statement can determine current net worth and should be updated at least once a year.

Cash Flow Statement

Income Statement

Balance Sheet

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Anything an individual owns that has commercial or exchange value. This can include houses, cars, computers, collectibles, stocks, bonds, cash in the bank, and so on.

liability

asset

net worth

expenses