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PF midterm review

Authored by Ella Rohrstaff

Business

12th Grade

Used 8+ times

PF midterm review
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54 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fixed expenses include

Birthday and holiday gifts and vacation

Installment payments, insurance premiums and rent

New cloths, entertainment, and food

All of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Human Resources include

Energy, skills, talents, and knowledge

Furniture, car, and cloths

Money, tools, and materials

All of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In international trade, the balance of payments refers to

The value of goods and services a nation imports and exports

The amount one nation owes another in the exchange of goods and services

The payment made to keep proper balance between imports and exports

A account of the flow of goods, services, and money coming into and going out of a country

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Key sources of state and local tax revenue include all of the following except

Social security tax

Sales tax

Property tax

Personal and corporate income tax

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Liquidity of savings refers to

Availability of your funds on short notice

Earning potential of savings

Security or safety of funds on deposit

Tax-free accumulation of savings

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Long-term liabilities include

Medical bills

Taxes

The unpaid amount of a home mortgage

Unpaid balances on credit cards

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Opportunity cost refers to

An advantageous sale price

The financial cost of purchases

The loss of one alternative when another is chosen

The chance to buy goods or services at a discount

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