Personal Administration - Test 2

Personal Administration - Test 2

11th Grade

10 Qs

quiz-placeholder

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Personal Administration - Test 2

Personal Administration - Test 2

Assessment

Quiz

Professional Development

11th Grade

Practice Problem

Easy

Created by

Rubi Garnica

Used 3+ times

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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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