
Income: Diversification & Multiple Income Streams
Authored by Emica Dumesle
Life Skills
12th Grade
Used 5+ times

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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the three types of income?
Aggressive income, Passive Income, Active income
Foundation income, investment income, passive income
Passive income, active income, investment income
Money market income, active income, investment income
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of these statements describes a business plan?
a) A letter detailing why and how an individual thought of a business idea, and why they hope to make it a reality.
b) A formal document that describes the different aspects of a new business such as its target market, start-up costs, expenses, and revenue.
c) A summary of a business detailing how it performed over the course of the past 7 years.
d) A book that lists all the people responsible for the inception and growth of a business, given to employees as a company souvenir
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Match the example below with the income type.
Dale works at a bank and earns $3,000 a month, plus benefits.
a) Investment Income
b) Active Income
c) Passive Income
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Match the example below with the income type.
Julia receives $2000 a month interest from A CD he opened at his bank.
a) Investment Income
b) Active Income
c) Passive Income
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Match the example below with the income type.
A year ago, Stella purchased 50 shares at $10 per share, whose value today is $16.
a) Investment Income
b) Active Income
c) Passive Income
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Xavier just started working toward becoming a freelance content writer. He created his profile on a website called upwork.com. He saw a lucrative content writing opportunity and decided to apply for it. He drafted a well-written proposal for the client, and bid as low as possible. But he was not chosen for the project. Why is it likely that this happened?
a) Because there were no work samples available for the client to see.
b) Because upwork.com is not a website for freelancers.
c) Because sending a proposal to a client makes them think that the freelancer is desperate for work.
d) Because bids should be placed based on the nature of work and skillset of the freelancer.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Opting to start a new business for an additional income stream will probably not yield any returns at first. But it might be the most profitable income stream for an individual in the long run.
True
False
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