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WorksheetsPost-Test Review 2
Total questions: 13
Worksheet time: 6mins
This type of business is a great example of one that engages in Price Competition.
Dine-In Restaurants
Gas Stations
Jewelry Stores
Hair Studios
A business who competes with other businesses by working hard to gain/retain customers by offering great customer service is utilizing Non-Price-Competitive Strategies.
True
False
I have $1500 to purchase an investment. I choose to invest $500 in investment A, $1000 in investment B and therefore, I cannot invest in C. C is considered the _____.
Next Choice
Least Favorable Investment
Opportunity Cost
Most Favorable Investment
Defaulting is _____.
when a borrower fails to pay what is owed.
an asset that is linked to a loan.
Making a mistake.
good for your credit score.
The three major Credit Bureaus include Transunion, Equifax and Equity.
True
False
A high credit score is best and will earn you a high interest rate.
True
False
As an individual trying to establish credit, it is wise to pay bills on time, own a minor credit card (like Kohl's credit card), have a loan with a co-signer and/or have secured credit.
True
False
The government agency that regulates the securities market and protects investors is the _____.
ABC
FTC
ATF
SEC
Owning stock that is not registered with the SEC is the safest type of investment and is guaranteed to produce a high ROI.
True
False
Profits from the sale of a capital asset, such as shares of stock, a business, a parcel of land, or a work of art is called _____.
Rent
Dividends
Interest
Capital Gains
Risk Tolerance is defined as "The amount of risk you are able to handle without being negatively affected by a poor performing investment".
True
False
This independently owned organization tasks itself with supplying the public with a degree of confidence that a business is operating in a trustworthy manner and will make a good faith effort to resolve any customer concerns filed.
FTC
BBB
SEC
Federal Reserve System
An excise tax is a tax paid directly by the consumer at the point of sale.
True
False
