Personal Finance Chapters 4-9 Test
Authored by Trent Thompson
Business
12th Grade
Used 49+ times
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50 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Items of value that a person owns
assets
financial plan
cash deficit
wealth
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
A spending and saving plan based on expected income and expenses
3.
MATCH QUESTION
1 min • 1 pt
Match the following
disposable income
Money you have left to spend or save after taxes and deductions
wealth
Debts owed to others
liabilities
assets minus liabilities
variable expenses
Costs that can vary each month in both amount and type
net worth
an accumulation of assets
4.
OPEN ENDED QUESTION
3 mins • 1 pt
Why would you prepare a net worth statement?
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5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An invitation to enter a contract
offer
acceptance
capacity
warranty
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A statement assuring quality and performance of a product or service
consigner
counteroffer
acceptance
warranty
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person who promises to pay the debt of another person
capacity
cosigner
frauds
offer
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