An offer must be made by one party and accepted by the other party in order for a contract to be

Which of the following is an example of involuntary debt:

A "spoof," or a fake email that appears real, is part of what investment scam?

Which of the following is an example of a regulation that protects investors:

When providing services to clients, financial professionals have the responsibility to supply

What should you do if a financial client reports a problem with her/his portfolio?

Which of the following is typically an effective method to build trusting relationships with financial clients:

The inputs that allow businesses to operate are called economic

One of the main reasons why individuals make investments based on their future financial needs is to

What economic activity examines how money payments are divided between resource owners and producers?

John gets up, dresses, brushes his teeth, eats breakfast, goes to school, buys gum at the school store, and reports to his first class. Which of these would be considered an economic activity?

The main reason people are willing to face possible business risks is

Some businesses are able to avoid potential risks by taking actions to __________ them

When a nation's inflation rate is low, what do prices tend to do?

Which of the following statements is true about inflation:

When two parties work together to negotiate a result that is mutually beneficial, it is called a __________ outcome.

Which of the following is a disadvantage of using cash as a form of financial exchange:

Which of the following is a name for a medium of exchange accepted and backed by the government as payment for goods and services:

Marshall's employer pays him for the work that he performs while on the job. This is an example of

What is a primary consideration when evaluating the time value of money?

The arrangement by which businesses or individuals can purchase now and pay later is known as

Which of the following is a type of credit card that can be used to make purchases from a variety of participating businesses:

If you purchase a car, which type of credit are you most likely to use?

Jordan buys a sofa from a local furniture store that advertises "90 days same as cash." She's able to have the sofa delivered to her house immediately without paying anything. However, if she doesn't pay for the sofa within the 90-day period, she'll be subject to finance charges. Jordan bought the sofa using a __________ credit account.

Which of the following statements about retirement is true:

When there is not enough of a resource available for everyone to have as much of it as desired, the resource is

One advantage to setting attainable goals is that you

Scarlet is setting her personal financial goals. What is the first step she should take to reaching her financial goals?

Fayth is developing her personal budget. She intends to save 10% of her income, use 38% of her income for housing and utilities, spend 14% on food, devote 20% to transportation, and set aside the rest for clothing, recreation, and entertainment. She earns $958 per pay period. How much money does she plan to spend on clothing, recreation, and entertainment each pay period?

Which of the following is a strategy to help with tracking expenses:

Zach invested $300 in the stock market. With the stock market's average yearly gain of 10 percent, his original $300 grew to $330 after one year. In two years' time, his $300 became $363. The year after that, his original investment had become $399. Zach's investment grew as a result of

To be able to pay for unexpected car repairs and/or to replace broken home appliances, it is important to

Which of the following is a reason to invest your money:

Viola wants to go on a vacation sometime in the next year. How should she generate the money she needs for the trip?

What type of services do property taxes typically fund?

Your annual income, an inheritance, and the money from the sale of an asset are all considered events that contribute toward your

Brad earns $8.70 per hour as a delivery truck driver. If he works more than 40 hours during the regular Monday through Friday work week, he earns time and one-half for those extra hours. He earns double time when he works on holidays. Last week, Brad worked 11 hours on Monday, 8 hours on Tuesday, 9.5 hours on Wednesday, 9 hours on Thursday and Friday, and 5 hours on Saturday, which was a holiday. What were Brad's gross earnings last week?

Melissa writes checks to pay for her rent, utilities, and groceries, and she keeps a record of all these transactions in her check register. Keeping an accurate check register helps Melissa

Reconciling a personal bank statement is the process of determining any differences between the bank statement balance and the

As Tom uses his credit card to make purchases in a responsible manner, he should remember that credit is a(n)

Eito's credit report shows that his credit score has dropped over the past nine months. What is the most important thing Eito can do to improve his credit score?

Monitoring financial accounts and reading bank statements on a regular basis can help detect activities associated with

Justin's gross income for the year is $37,800. He contributes $2,000 per year to an approved retirement plan. Justin is single and claims one exemption for himself. The amount of the exemption is $3,650. He is taking the $5,700 standard deduction for a person filing an income tax return as an individual. What is Justin's taxable income?

Juliet and Tony send their young son to a day care center. Instead of writing a check each month to pay the center, they signed a form allowing the center to automatically take the money from their checking account at the bank each month. This type of bill paying is called

What is a tip to aid in paying bills on time?

When Jasmine got her credit card bill, she was surprised to see that she was charged an extremely high annual fee. Jasmine could have avoided this situation by

Amira is trying to choose a financial institution. She likes to do her banking in person, and she wants to make sure she selects an institution that's customer friendly. She wants good interest rates and low fees, and she'd also prefer to invest with a not-for-profit institution. Amira should invest her money in a(n)

Which of the following is an important topic to discuss with a potential investment advisor?

Mark has decided to hire a financial planner to help him plan his long-term financial goals. Which of the following should he do to ensure he finds someone he can trust:

Rosie is in the process of choosing a financial-services provider, but she has so many options that she feels overwhelmed. What is the first step she should take?

If you are nearing retirement, which investing approach will you use?

Which of the following is a qualitative measure examined through fundamental analysis:

Kyle wants to purchase stock in a public corporation. Where can he quickly find current financial information about the corporation's performance?

While Chase was reviewing his stock performance, he saw that his commodities investment dropped .002 points from Monday's close to Tuesday's close. This drop is called the

What is a benefit of investing in mutual funds?

Sheila decides to invest some of her money. She doesn't like to take big risks, and she wants to be able to access all of her money at all times. She also doesn't mind not earning much interest. Sheila should invest her money in a

Which of the following are examples of ownership investments:

Which of the following is a disadvantage of investing in a mutual fund:

Which of the following investments gives the investor part ownership of a corporation:

Many employers match employees' pretax contributions to their

A good retirement plan usually accounts for increasing __________ costs

Which of the following is a true statement about financial ratios?

When should an investor sell his/her investments?

Which of the following types of insurance do businesses frequently offer as part of their employee benefit plan:

When a customer slips on a wet floor in Ruchita's restaurant, he breaks his ankle. He decides to sue her business. Luckily, Ruchita doesn't have to pay the damages because she has __________ insurance.

A common transference device is a(n)

To make sure it was billed correctly, the Westworth Agency compared the bill that it received from the Cyan Printing Company against the original

Janet, an employee with an advertising agency, has a question about an invoice she received. Who is the best person for Janet to contact to obtain the desired information?

If Danita invests $6,000 at a simple annual interest rate of 5%, the future value of her investment at the end of a five-year period will be

Why is estate planning important?

Lower APR means __________ monthly payments.

Which of the following is a work-life balance benefit a business may offer to attract and keep talented employees:

Deena is researching investment options. How can she best evaluate the authority of a source of information?

Jamie carries comprehensive insurance coverage and is involved in a car accident. The other driver carries liability and collision insurance. Jamie's car is destroyed, and both insurance companies determine that Jamie is at fault for the accident. Who is responsible for paying for damages to Jamie's car?

A business might be involved in insurance fraud if it

Chris started working in a stable as a horse trainer, but later decided he would rather give riding lessons for a living. This is an example of a goal being

Which of the following is a benefit of writing down your goal:

Which of the following is an example of gathering information before making a decision:

Because Jason objectively reviewed all the facts from a variety of perspectives before making his business decision, he was basing his decision on

Following a business employee for a few days to obtain information about that particular career is an example of

Individuals who are interested in certain occupations should also find out if they have the necessary

Because Alexa enjoys working with children and has a knack for developing fun activities that help them understand puzzles and numerical formulas, she might consider a career as a

An individual who wants to pursue a career in the marketing segment of business might obtain an entrylevel position as a(n)

What type of information is acceptable to leave out of a job application?

Lauren was filling out an employment application and encountered a question for which she was unsure of the answer. What should she do?

Which of the following is the most desirable outcome for a job seeker who sends a letter of application to a business:

People most often write letters of application when responding to job leads they have found

Which of the following are the best references to list in a résumé:

An effective résumé provides a prospective employer with the information needed to judge the applicant's qualifications without being

The purpose of loan products is to provide

Insurance companies are regulated and supervised in order to

When health insurance is available through an employer, the cost to the employee is typically

One reason why many workers begin their careers in entry-level jobs is because these jobs

Jack tells his broker he wants to purchase 50 shares of ABC stock. Jack is placing a __________ order.

Which of the following is a way that businesses can include consumer protection as part of product/service management:

Which of the following might a business experience if it failed to provide adequate consumer protection:

How do government regulations that protect consumers most often impact businesses?

. Jane is considering whether or not to hire Mateo to be her financial advisor. Which of the following is the best question for Jane to ask to help her negotiate a lower fee from Mateo:

What kind of risk is a flood that causes a business to close for three weeks?