1307 FInal Exam Review

1307 FInal Exam Review

University

26 Qs

quiz-placeholder

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1307 FInal Exam Review

1307 FInal Exam Review

Assessment

Quiz

Business

University

Easy

Created by

Jennifer Keys

Used 1+ times

FREE Resource

26 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The best time to begin planning for retirement is at age 27.

False

True

Answer explanation

Never too early.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Annabelle works at Acme Cleaning Company. When she retires, her employer's health insurance plan and Medicare should cover all of her medical expenses.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Bruce and Christopher are both retiring from Best Conditioning Company. They both should have the same amount of money in their retirement funds regardless of the lifestyle they expect during retirement.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A good goal is to plan for one’s net worth to increase each year as one moves closer to retirement.

False

True

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Housing and life insurance are so important to your retirement income that other investments can be ignored as you review your assets.

False

True

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When Don retires, his transportation expenses will likely increase.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Because of the potential effect of inflation, individuals should underestimate the amount of money.

False

True

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