WorksheetsSCAAP_ENTREP MINDSET PT.1
Total questions: 24
Worksheet time: 12mins
Equity is defined as what?
Total assets
Assets - Liabilities
Income - expenses
Cash on hand
Liquidity refers to what?
Speed assets to convert cash
Company expansion
Long-term investments
Reducing liabilities
Opportunity Cost is
All choices given up
The next best option
Price difference
Profit margin
Scarcity means
Unlimited resources
Limited resources
Unlimited wants
None of the above
Trade-off refers to
Best alternative given up
All alternatives given up
No alternative
Extra money
Spendthrift behavior means
Plans purchases
Saves frequently
Spends impulsively
Invests heavily
Insolvency happens when
Assets > liabilities
Liabilities > assets
Income > expenses
Cash flow increases
A very liquid asset is
Real estate
Car
Cash
Furniture
Salary is what type of income?
Passive
Royalty
Active
Dividend
Budget formula is
Income - Expenses = Savings
Income - Savings = Expenses
Savings + Expenses = Income
Assets - Liabilites = Equity
Which is discretionary?
Rent
Electricity
Starbucks
Groceries
Dividend income comes from
Loans
Stocks
Salary
Tips
Portfolio means
Your bank account
Your business
Your investments
Your liabilities
Higher risk usually means
Lower return
Higher return
Equal return
Guaranteed loss
Time deposits are
High liquidity
No interest
Locked for a period
Zero risk
PDIC insurance covers at what maximum capacity?
₱250k
₱500k
₱750k
₱1M
A crossed check can be
Cashed
Deposited only
Void anytime
Converted to loan
Support level is
Highest point
Lowest point
Average price
Future price
Resistance level is
Price floor
Price ceiling
Hidden price
Random movement
Growth investing focuses on
Failing companies
Top banks only
Fast-growing companies
Low-profit companies
Term life insurance is
Lifetime coverage
Cheap, temporary, no savings
With cash value
No beneficiaries
Whole life insurance is
Temporary
Cheap
Has savings component
No coverage
Industrial property includes
Condos
Factories
Dormitories
Townhouses
A clean title means
No taxes owed
No legal problems
No repairs needed
Fully renovated
