Fall Semester Final (2022)

What makes a goal "SMART"?

• It is strategic, mentionable, awesome, realistic, and theatrical
• It is smart, maximized, achievable, relatable, and therapeutic
• It is specific, measurable, achievable, realistic, and timed
• It is specific, mentionable, awesome, relatable, and theatrical

Which of the following are potential consequences of filing for bankruptcy? (SELECT ALL THAT APPLY)

• You may feel emotionally or mentally like a failure.
• Bankruptcy will remain on your credit report for 7-10 years.
• You may be forced to give up your liquid assets, car, or valuable possessions to repay creditors.

A person increases their net worth by

• buying a new car with a 10% down payment from savings and a 90% loan
• making purchases with a credit or debit card
• increasing assets and decreasing liabilities
• transferring money from a savings account to a checking account

Which of the following could increase the equity you have in your house? (SELECT ALL THAT APPLY)

• Making payments on your mortgage loan
• The estimated value of your house increasing
• Remodeling the kitchen
• An economic recession
• Falling behind on home maintenance

How is EQUITY calculated?

• total of all assets minus total of all liabilities
• sticker price minus scholarships and grants
• gross income minus deductions
• estimated worth minus amount still owed

What is the INVERSE of an exponent?

• Parentheses
• Multiplication
• Division
• Root

Another name for the "principal" is

• Initial / Starting value
• Middle value
• Biggest / greatest value

Another name for the "median" is

• Initial / Starting
• Middle
• Biggest / greatest

Which is the model/formula used to represent a LINEAR salary raise over time (the same dollar amount every year)?

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Which is the model/formula used to represent an EXPONENTIAL salary raise over time (the same percentage % amount every year)?

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