Broward College FIN 1100 Quiz 2015 (50 MCQs)

Question 1

Individual factors that affect financial thinking include

Question 2

The financial decision making process is complicated by all of the following factors EXCEPT.

Question 3

Your career choice will have the greatest impact on your

Question 4

Financial advisors may assist through all the following services EXCEPT

Question 5

Paying for a home mortgage and children's education leads to greater

Question 6

The usefilness of a currency is based on

Question 7

After identifying choices, the next steps in the financial planning process involve all the following calculations EXCEPT

Question 8

Storing wealth, creating income, and reducing future expenses are all uses of

Question 9

Dylan earns @24,500 a year as an office worker. He pays $1,000 a month for rent, $300 a month toward his car, and his other expenses come to around $1,200 a month. Dylan

Question 10

Investments in assets may be diversified by

Question 11

Personal finance is about all of the following processes EXCEPT

Question 12

You can become more competitive in a seller's labor market by

Question13

Ryan has a choice of paying cash or over time for a smartphone. What would be his opportunity cost of paying over time?

Question 14

Income includes

Question 15

On a cash flow statement, each cash flow is shown as a percentage of total

Question 16

Robin uses her checkbook register to record and balance each cash flow, in and out, as it occurs. This activity is called

Question 17

Alex realizes from his balance sheet that he could be facing personal bankruptcy within the year. He can prevent this from happening by

Question 18

Common-size balance sheets shows each item as a percentage of

Question 19

You see that over a ten-year period your expenses have increased as a percentage of income and your discretionary income has declined. You would see this by comparing

Question 20

All the following financial ratios show improvement as they get bigger EXCEPT

Question 21

Examples of annuities include of all the following EXCEPT

Question 22

Obtaining liquidity for your wealth creates

Question 23

When deciding on whether to receive cash flows over time or in a lump sum, you should consider

Question 24

The time value of money is an important concept in

Question 25

Time affects value by

Question 26

When faced with uncertainity of an alternative that involves an independent event it is often helpful to be able to calculate its

Question 27

All the following assets or activities would be appropriate for developing a specialized budget EXCEPT

Question 28

The value of your choices is affected by

Question 29

A comprehensive budget may include any of the following components EXCEPT

Question 30

The timing of your budget process depends on

Question 31

Which of the following factors is least relevant in prjecting capital expenditures?

Question 32

A comprehensive budget includes proections of

Question 33

Your total income can be adjusted for all the following items, which the U.S. government feels should be taxed, EXCEPT

Question 34

Seperate filing statuses for reporting individual income tax include all the following EXCEPT

Question 35

You tax rate is 15% and you have $350 of deductible expenses. You expect your income will increase in the next tax year but also that you will still be in the same tax bracket while your deductible expenses will double. What would be your tax savings in deductibles next year?

Question 36

In which life stage(s) will you likely have high taxable income and many deductions, exemptions, or credits?

Question 37

Rental and royalty income is reported on

Question 38

Tax advantages were created to encourage certain financial goals, including

Question 39

Of the following saving instruments, which is/are most likely to give you the highest price for your liquidity for the highest compensation for your opportunity cost and risk?

Question 40

If you get trouble with debt you should first

Question 41

The purpose of credit ratings is to estimate

Question 42

The cost of credit stems primarily from

Question 43

Your savings startegy will be determined by your ability to predict

Question 44

Credit cards have all the following benefits EXCEPT

Question 45

In performing an attribute analysis you compare products in terms of

Question 46

Fedreal and state consumer protection laws cover

Question 47

Your prime directive as a consumer is to

Question 48

Market considerations in making a purchase include availability, price, convenience, and all of the following EXCEPT

Question 49

Sources of information about products include

Question 50

As a car owner you can maximize the benefits you enjoy by