
Personal Administration - Test 2

Quiz
•
Professional Development
•
11th Grade
•
Easy
Rubi Garnica
Used 3+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a financial goal?
A target for your business
An objective or milestone that you want your money to cover at a specific time.
A plan for retirement
A budget
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Select all that apply to the types of investments
Stocks
Internet
Bonds
Annuities
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an insurance?
Is a mean of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
It is a way to invest your money
Reduces the risk of loosing your car
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a budget?
A plan to estimate loss
A tool to analyze investments
A tool used to communicate our goals
A financial plan of expected cash inflows and outflows (income and expenses)
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Select the 2 correct budgeting methods
Zero based budgeting
Traffic budgeting
Traditional budgeting
Decremental budgeting
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When making a budget, a person’s needs should come before their wants
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A financial plan is also called
Tax
Allowance
Budget
Income
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