
PF midterm review
Quiz
•
Business
•
12th Grade
•
Practice Problem
•
Easy
Ella Rohrstaff
Used 8+ times
FREE Resource
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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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