Submitted by: Submitted by georgettashipley
Views: 10
Words: 2492
Pages: 10
Category: Other Topics
Date Submitted: 12/17/2015 08:23 PM
BUSN 380 Final Exam Personal Financial Planning
Purchase here
http://chosecourses.com/BUSN%20380
Product Description
BUSN 380 Final Exam Personal Financial Planning
(TCO 1) Marinda Smart is interested in purchasing new appliances for her kitchen that collectively will cost her approximately $5,000. She knows that she could obtain financing for her purchase, but recently heard rumors that there may be layoffs where she works and is concerned about her employment. What type of risk is Marinda concerned about? (Points : 4)
Inflation risk
Interest rate risk
Income risk
Personal risk
Liquidity risk
(TCO 1) The Zarnella family formulated a budget in which it would spend $450 a month on groceries. If the family spent $436 last month, then we could classify this difference as a (Points : 4)
Variance.
Deficit.
Fixed living expense.
Budget reduction.
Contribution to net worth.
(TCO 1) Which step in the financial planning process is demonstrated by a situation in which Royanne decides to stop traveling through Europe and return back to the States to seek a part-time job and take smaller, less costly trips? (Points : 4)
Developing her financial goals
Identifying alternative courses of action
Evaluating her alternatives
Implementing her financial plan
Reviewing and revising her financial plan
(TCO 1) When you only have to pay taxes on an investment at a future point in time, this is referred to as a(n) (Points : 4)
Cafeteria-style benefit.
Vesting.
Tax-deferred benefit.
Tax-exempt benefit.
Exclusion.
(TCO 1) When you take the time to review a variety of job search websites and find 10 potential employment opportunities that fit your skills and abilities, which step in the career planning process have you completed? (Points : 4)
Assess and research personal goals and abilities.
Evaluate the employment market to identify specific employment opportunities.
Develop a resume and cover letter to apply for specific positions....