Download Final Exam Study Guide Answer Section

Survey
yes no Was this document useful for you?
   Thank you for your participation!

* Your assessment is very important for improving the work of artificial intelligence, which forms the content of this project

Document related concepts

Universal life insurance wikipedia, lookup

Life insurance wikipedia, lookup

Whole life insurance wikipedia, lookup

Debt wikipedia, lookup

History of pawnbroking wikipedia, lookup

Transcript
Final Exam Study Guide
Completion
Complete each statement.
1. ____________________ is getting the money that is necessary for setting up and running a business.
2. The marketing mix consists of four basic marketing strategies: ____________________,
____________________, ____________________, and ____________________.
3. To make place decisions, marketers select the right ___________________________________.
4. Marketers analyze and label their markets by _________________________.
5. A ____________________ is a model of an actual product.
6. ____________________ plans provide employees with money after working at a company for a certain
number of years.
7. There are four steps to selecting the right person or ____________________ for a job.
8. ____________________ is the general level of confidence or enthusiasm felt by a person or group of people.
9. During an evaluation, managers usually offer suggestions for ____________________.
10. ____________________ is the status given to an employee based on rank or length of service.
11. _________________________ is the money used to pay for the various assets and expenses of a new venture
or business.
12. A(n) ____________________ is a review of accounting records and procedures.
13. _________________________ are summarized information about the financial status of a business.
14. When people buy property and agree to pay for it later, they are buying on ____________________.
15. The income statement is sometimes called a ______________________________ statement.
16. Credit is based on the creditor’s ____________________ that the debtor can and will repay the debt.
17. Buying on credit enables people to establish a credit ____________________.
18. Your ____________________ is the point where you cannot charge any more.
19. ____________________ cards are also called bank cards because banks issue them.
20. A ____________________loan is based on the value of something you own that is left with a pawnbroker as
security against money borrowed.
21. To gauge the cost of credit, first look at the ______________________________.
22. A credit card application will ask where the applicant lives and ____________________.
23. If a person pays his or her bills on time, most creditors will raise the person’s ____________________.
24. A ____________________ is money lent at interest.
25. On a _________________________ loan, interest is based on the original principal alone.
26. Personal finance refers to all the things in your life that involve ____________________.
27. When you evaluate your ____________________, use the sources of financial information that are available.
28. ____________________ is a general increase in the cost of goods and services.
29. An important part of financial planning is understanding which ____________________ you can afford to
take and which ones you cannot.
30. You need a savings plan if your ____________________ goal is to make a major purchase.
31. A ____________________ is a written order directing a bank or other financial institution to pay money on
demand to the person or company named on it.
32. A _________________________ is an account that allows two people who are equally responsible for the
account to write checks.
33. With _________________________, your checking account information is available to you from your home
computer 24 hours a day.
34. The ____________________ is the party who wrote the check and is paying the money.
35. When you deposit a check, write _________________________ as part of the endorsement.
36. Saving is putting money aside for ____________________ use.
37. The sacrifice of saving is called the _________________________.
38. To earn income on savings, you must store it in a place that will provide you with ____________________.
39. With a savings account, you can withdraw money without any ____________________.
40. Money market funds usually require ____________________ balances.
41. One way drivers can reduce the risk of financial losses that result from accidents is to buy
____________________.
42. The most basic type of coverage (required by most states) is _________________________.
43. Medical payments coverage is also called ___________________________________.
44. ____________________ make drivers responsible for small losses.
45. Insurance companies usually recommend that homeowners insure their home for ____________________
percent of its market value.
46. People provide for their family’s future with investments and ____________________ planning.
47. ____________________ insurance, or permanent insurance, provides both savings and death benefits.
48. ____________________ insurance covers a person for a specific period of time.
49. Many health insurance policies require a ____________________, which is a fee paid each time a service is
used.
50. _________________________ insurance is the most important coverage for a serious illness or accident.
Final Exam Study Guide
Answer Section
COMPLETION
1. ANS: Financing
PTS: 1
STA: AL BECS BME 10
2. ANS: product, place, price, promotion
PTS: 1
STA: AL BECS BME 10
3. ANS: channel of distribution
PTS: 1
STA: AL BECS BME 10
4. ANS: demographics
PTS: 1
5. ANS: prototype
STA: AL BECS BME 9
PTS: 1
6. ANS: Retirement
STA: AL BECS BME 9
PTS: 1
7. ANS: candidate
PTS: 1
8. ANS: Morale
PTS: 1
9. ANS: improvement
PTS: 1
10. ANS: Seniority
PTS: 1
11. ANS:
Start-up capital
Start up capital
PTS: 1
12. ANS: audit
STA: AL BECS BME 15
PTS: 1
STA: AL BECS BME 15
13. ANS: Financial reports
PTS: 1
14. ANS: credit
PTS: 1
STA: AL BECS BME 15
15. ANS: profit and loss
PTS: 1
16. ANS: confidence
STA: AL BECS BME 15
PTS: 1
17. ANS: rating
STA: AL BECS BME 19
PTS: 1
18. ANS: credit limit
STA: AL BECS BME 19
PTS: 1
STA: AL BECS BME 19
19. ANS: Multipurpose
PTS: 1
20. ANS: pawnshop
STA: AL BECS BME 19
PTS: 1
STA: AL BECS BME 19
21. ANS:
annual percentage rate
APR
PTS: 1
22. ANS: works
PTS: 1
23. ANS: credit limit
PTS: 1
24. ANS: loan
PTS: 1
25. ANS: simple interest
PTS: 1
26. ANS: money
PTS: 1
27. ANS: alternatives
PTS: 1
28. ANS: Inflation
PTS: 1
29. ANS: risks
PTS: 1
30. ANS:
long-term
long term
PTS: 1
31. ANS: check
PTS: 1
32. ANS: joint account
PTS: 1
33. ANS: online banking
PTS: 1
34. ANS: drawer
PTS: 1
35. ANS:
“For Deposit Only”
For Deposit Only
PTS: 1
36. ANS: future
PTS: 1
STA: AL BECS BME 16
37. ANS: opportunity cost
PTS: 1
38. ANS: interest
STA: AL BECS BME 16
PTS: 1
39. ANS: penalty
STA: AL BECS BME 16
PTS: 1
40. ANS: high
PTS: 1
41. ANS: insurance
STA: AL BECS BME 16
PTS: 1
42. ANS: liability insurance
PTS: 1
43. ANS: personal injury protection
PTS: 1
44. ANS: Deductibles
PTS: 1
45. ANS:
80
eighty
PTS: 1
46. ANS: estate
PTS: 1
47. ANS:
Cash-value
Cash value
PTS: 1
48. ANS: Term
PTS: 1
49. ANS: copayment
PTS: 1
50. ANS: Major medical
PTS: 1