SSEPF1

Which of the following is an important reason why people need financial investment plans? 
SSPEPF1 
DOK 2

• to know where to purchase goods
• to save for retirement
• to gain simple rather than compound interest
• to lower their credit score

Saving resources that could be used for immediate benefit for some greater benefit at a later time is called
SSEPF1
DOK 1

• Productivity
• Investment
• Capital good
• Diminishing return

Which one of the following terms is an organized spending plan for one's money?
SSEPF1b

• Cost System Analysis
• Bankruptcy
• Budget
• Profit and Loss Statement

Rent is a:

• Fixed expense
• Discretionary Expense
• Variable expense
• Intermittent expense

Groceries are a:

• Fixed expense
• Variable expense
• Intermittent expense
• Discretionary expense

In Cost/Benefit Analysis, when does adding an additional unit pays off?

• Marginal benefits exceed marginal costs.
• Marginal costs exceed marginal benefits.
• Marginal costs equal marginal benefits.
• None of the above.

Rational decision-making uses _____ to reach a decision.

• intuitive thinking

• one potential alternative

• step-by-step process

• employee preceptions

Jake and Finn are brainstorming potential solutions to a problem. According to the rational decision-making model, what is occurring?

• summarizing the problem

• developing a list of alternatives

• choosing the alternatives

• analyzing the alternatives

The first step in the decision making process is to?

• evalutate the decision

• solve the problem

• state the problem

• state the solution

Why might your parents not want to co-sign your student loan?
SSEPF1a

• they become liable for the loan
• it could increase the loan's total cost
• it won't help your credit score as much
• it will hurt their credit score