PBMF TEKS Spring

A personal check for which a bank has guaranteed payment is called a ______.

• Bankers Check

• Cashier's Check

• Certified Check

• Traveler's Check

An insurance policy states the conditions to which:

• The insurance company and the policyholder has agreed

• The insurance company and the insured has agreed

• The insurer and the insured have agreed

• The policyholder and the insurer have agreed.

Which of the following refers to how much a job pays and the benefits offered?

• Minimum Wage

• Wage

• Compensation

• Supervision

Total Revenue - Total Expenses =

• Assets

• Owners Equity

• Liabilities

• Net Income

Choose the best sentence that represents the relationship between market segmentation and mass marketing

• Segmentation breaks the market into smaller groups based on variables. Mass marketing targets a large group.

• Mass marketing breaks the market into smaller groups based on variables. Segmentation targets a large group.

• Both statements are true

• Neither statement is true

A store claims it is out of an advertised item and tries to get you to buy a more expensive one is doing this:

• Boycotting

• Product Testing

• Recycling

• Bait and switch

Take-home pay is:

• The amount of paycheck before taxes and other payroll deductions

• The amount you will receive when you cash your paycheck

• The money you will have available to spend as a result of working, plus any other income

• Cash inflows minus cash outflows

Typical e-banking services allow customers to do all of the following EXCEPT

• Obtain cash

• Print new checks

• Transfer funds from savings to checking

• Pay bills online

In simple terms, ___ are what a company owns.

• Assets

• Profits

• Owner's Equity

• Revenues

The total amount it costs you for a loan, including interest and fees is called:

• Principal

• Finance Charge

• Variable Rate

• Annual Percentage Rate