
Personal Economics - Week 02 Quiz
Business, Other
University

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The primary goal of financial planning is to
maximize cash inflows.
increasing earnings.
maximize wealth.
minimize financial risk.
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The cash flow statement reports a person's or family's
value of investments.
plan for borrowing.
current income and payments.
net worth.
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Jim has $1,000 income from his job and $200 stock dividend income this month. This month Jim has rent and utilities of $300 and he spent $300 on groceries and $200 on clothing. What is his cash inflow this month?
$400
$600
$500
$1,200
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Jeff has a $1,000 salary and a $100 dividend income this month. This month Jim has rent and utilities of $300 and he spent $200 on groceries and $100 on clothing. What is his net cash flow this month?
$1,100
$400
$500
$600
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
All of the following affect cash outflows except
the size of the family.
your personal consumption behavior.
your age.
your education level.
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A cash flow statement that is based on forecasted cash flows for a future time period is called a(n)
net cash flow.
income statement.
cash outflow.
budget.
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
If you do not budget for unexpected expenses in a given month, you will likely experience a(n)
cash surplus.
cash shortage.
decrease in liabilities.
increase in assets.
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?