Final Exam 321 – savvyessaywriters.net | Savvy Essay Writers
Final Exam 321 – savvyessaywriters.net | Savvy Essay Writers
Savvy Essay Writers Business & Finance Assignment Help
Question 1 (1 point)The financial decision-making process is complicated by all of the following factors EXCEPTQuestion 1 options:A)uncertainty and risk.B)the use of information in planning.C)the relative importance of consequences.D)the number of factors to consider.E)the complexity of relationships among factors.Question 2 (1 point)If you are risk averse, then you do not have enoughQuestion 2 options:A)wealth or surplus to invest.B)knowledge to invest with confidence.C)time before you need your money for expenses.D)a. and b.E)a., b., and c.Question 3 (1 point)A good credit rating would be based on all the following criteria EXCEPTQuestion 3 options:A)you depend on credit for regular expenses.B)you have used credit appropriately in the past.C)you can afford to take on more credit.D)you have little or no current debt.E)you have a record of paying what you owe on time.Question 4 (1 point)The percentage of fund assets that are replaced in a year is the fund’s trading activity expressed asQuestion 4 options:A)the expense ratio.B)the turnover ratio.C)the 12b-1 fee.D)the dividend distribution.E)the capital gains distribution.Question 5 (1 point)Your time horizon for financial planning isQuestion 5 options:A)lifelong.B)the five-year plan.C)the time it takes to set goals.D)approximately 65 years.E)the time it takes to realize goals.Question 6 (1 point)When you invest in an exchange-traded fund you invest inQuestion 6 options:A)a mutual fund.B)a fund traded like a share of stock.C)an index fund.D)a. and b.E)a., b., and c.Question 7 (1 point)Perhaps the most critical information to have about an investment is itsQuestion 7 options:A)potential return.B)susceptibility to types of risk.C)asset value.D)a. and b.E)a., b., and c.Question 8 (1 point)The costs of car ownership includeQuestion 8 options:A)the down payment.B)financing costs.C)opportunity and liquidity costs.D)a. and b.E)a., b., and c.Question 9 (1 point)To estimate required savings, you need to estimateQuestion 9 options:A)the return on your savings in retirement.B)how long you will be retired before you die.C)what your expenses will be in retirement.D)a. and b.E)a., b., and c.Question 10 (1 point)Which of the following measures is a way to avoid becoming the victim of an unscrupulous vendor or scam artist?Question 10 options:A)Second opinionsB)Verification of identity or certificationC)Written estimatesD)a. and b.E)a., b., and c.Question 11 (1 point)By buying shares in mutual funds, youQuestion 11 options:A)achieve diversification at lower transaction cost.B)receive the benefit of professional expertise.C)opt for passive portfolio management.D)a. and b.E)a., b., and c.Question 12 (1 point)Examples of price advantages include all the following EXCEPTQuestion 12 options:A)seasonal or expiration date discounts.B)brand or label discounts.C)price discrimination.D)discounts on excess inventory.E)volume or quantity discounts.Question 13 (1 point)In financial planning, analyzing costs, benefits, and risksQuestion 13 options:A)helps you to choose alternatives.B)allows you to establish a budget.C)prevents you from making bad decisions.D)reveals shortcuts to reaching your goals.E)forces you to defer some goals.Question 14 (1 point)With a line of credit you canQuestion 14 options:A)borrow money as needed, up to a limit.B)pay down each loan as desired.C)pay interest only on the outstanding balance.D)a. and b.E)a., b., and c.Question 15 (1 point)A health insurance policy that covers physician expense, surgical expense, and hospital expense is calledQuestion 15 options:A)major medical insurance.B)basic insurance.C)a formulary.D)dental and vision insurance.E)group health insurance.Question 16 (1 point)Retirement planning involvesQuestion 16 options:A)defining your goals.B)saving for the time when you will not have income from employment.C)estimating how much savings you will need to retire when you want.D)a. and b.E)a., b., and c.Question 17 (1 point)Future incomes and expenses can be projected for quantity and price on the basis ofQuestion 17 options:A)probability.B)volatility.C)predictability.D)a. and b.E)a., b., and c.Question 18 (1 point)Factors that lenders look at to evaluate borrowers includeQuestion 18 options:A)your current debts and PITI calculation.B)your income and employment.C)your credit history and credit score.D)a. and b.E)a., b., and c.Question 19 (1 point)Derivative contractsQuestion 19 options:A)include future and forward contracts.B)are time-sensitive with an expiration date.C)depend on the value of commodities.D)a. and b.E)a., b., and c.Question 20 (1 point)Lenders determine their risk by assessingQuestion 20 options:A)the five C’s.B)your credit score.C)the prime rate.D)a. and b.E)a., b., and c.Question 21 (1 point)Your auto insurance premium may be reduced ifQuestion 21 options:A)you pass a driver education course.B)you live in an accident-prone or high crime area.C)you have had an accident in the past three years.D)a. and b.E)a., b., and c.Question 22 (1 point)The U. S. government’s retirement account, Social Security, is funded byQuestion 22 options:A)a mandatory payroll tax.B)both employers and employees.C)your income taxes.D)a. and b.E)a., b., and c.Question 23 (1 point)Your PITI plus other debt should be what percent of your gross annual income?Question 23 options:A)38%B)33%C)25%D)50%E)15%Question 24 (1 point)Mortgage-backed securities are not good real estate investments for individual investors because they areQuestion 24 options:A)difficult to price.B)vulnerable to economic cycles and default risk.C)in real estate financing rather than real estate.D)a. and b.E)a., b., and c.Question 25 (1 point)Your prime directive as a consumer is toQuestion 25 options:A)live within your means.B)avoid buyer’s remorse.C)shop for bargains.D)a. and b.E)a., b., and c.Question 26 (1 point)Financial management is significantly influenced byQuestion 26 options:A)microeconomic factors.B)macroeconomic factors.C)personal factors.D)a. and b.E)a., b., and c.Question 27 (1 point)The most common uses of debt by consumers areQuestion 27 options:A)college loans.B)car loans and home mortgages.C)personal loans.D)a. and b.E)a., b., and c.Question 28 (1 point)As a car owner you can maximize the benefits you enjoy byQuestion 28 options:A)following the owner’s manual.B)maintaining a valid driver’s license.C)registering and insuring the car.D)a. and b.E)a., b., and c.Question 29 (1 point)You decide you want to have a million dollars in the bank when you retire. Your bank pays 3% interest per year. If you start when you are 28, how much would you need to save each year to reach your goal by the time you are 68, assuming the interest rate stays the same?Question 29 options:A)Between $24,000 and $26,000 a year.B)Between $15,000 and $16,000 a year.C)Between $19,000 and $20,000 a year.D)Between $10,000 and $11,000 a year.E)Between $13,000 and $14,000 a year.Question 30 (1 point)The Consumer Price Index is a measure ofQuestion 30 options:A)recession.B)consumption.C)inflation.D)GDP.E)purchasing power.Question 31 (1 point)A 401k planQuestion 31 options:A)has a maximum contribution limit.B)is a tax-deferred plan.C)is a portable plan.D)a. and b.E)a., b., and c.Question 32 (1 point)Property factors that determine the amount of property insurance premiums includeQuestion 32 options:A)the age and size of the house.B)the location and proximity to a hydrant.C)the number of occupants.D)a. and b.E)a., b., and c.Question 33 (1 point)Optional enhancements that lower risks and reduce premiums include all the following EXCEPTQuestion 33 options:A)burglar alarms.B)electrical upgrades.C)fire extinguishers.D)deadbolt locks.E)smoke detectors.Question 34 (1 point)The cash budget’s greatest value is in clarifyingQuestion 34 options:A)recurring incomes and expenses.B)free cash flows for capital expenditures.C)risks and choices in the timing of cash flows.D)attainable short-term goals and lifestyle goals.E)the importance of cash management tools.Question 35 (1 point)Your credit score is determined primarily on the basis ofQuestion 35 options:A)how long you have been using credit.B)the types of credit issued to you.C)your credit history.D)your current debt.E)your character.Question 36 (1 point)The future value of an annuity increases whenQuestion 36 options:A)the present value increases.B)the time value increasesC)the rate of compounding increasesD)a. and b.E)a., b., and c.Question 37 (1 point)Investor constraints include all the following EXCEPTQuestion 37 options:A)legal requirements.B)tax obligations.C)time horizon.D)liquidity needs.E)level of debt.Question 38 (1 point)When you invest in an index fund you invest inQuestion 38 options:a mutual fund.a fund reflecting the performance of similar securities.a fund managed by a company, brokerage, or bank.a. and b.a., b., and c.Question 39 (1 point)The Joneses believe it is important to try to reduce poverty and hunger globally by aiding local communities. They invest internationally in local businesses and nonprofit organizations that are effectively addressing the problem. Their strategy is an example ofQuestion 39 options:A)divestment.B)legal constraints.C)unique circumstances.D)risk tolerance.E)social investment.Question 40 (1 point)Future capital expenditures can be projected on the basis ofQuestion 40 options:A)financial history.B)recurring incomes.C)the time value of money.D)a. and b.E)a., b., and c.Question 41 (1 point)When you invest in bonds youQuestion 41 options:A)loan money and receive interestB)receive repayment of principal at maturity.C)borrow money and pay interest.D)a. and b.E)a., b., and c.Question 42 (1 point)The study of risk and prediction of outcomes is based onQuestion 42 options:A)the dynamics of probability.B)the study of behavioral finance.C)the uncertainty of independent events.D)a. and b.E)a., b., and c.Question 43 (1 point)When you invest in stocks youQuestion 43 options:A)pay dividends.B)sell equity for liquidity.C)buy a share of a corporation.D)a. and b.E)a., b., and c.Question 44 (1 point)Alex realizes from his balance sheet that he could be facing personal bankruptcy within the year. He can prevent this from happening byQuestion 44 options:A)liquidating assets to pay creditors.B)achieving positive net worth.C)refinancing debt on different terms.D)a. and b.E)a., b., and c.Question 45 (1 point)The higher the lender’s risk, thenQuestion 45 options:A)the lower your cost of debt.B)the lower your interest rate risk.C)the higher your cost of debt.D)the higher your interest rate risk.E)the lower your default risk.Question 46 (1 point)Electronic options for withdrawals or payments includeQuestion 46 options:A)automatic payments.B)debit and ATM cardsC)direct deposits.D)a. and b.E)a., b., and c.Question 47 (1 point)You can negotiate all the following factors with car dealers, affecting the value of your purchase, EXCEPTQuestion 47 options:A)the price.B)the manufacturer’s rebate.C)service discounts on maintenance.D)the dealer’s warranty terms.E)the trade-in value of your old car.Question 48 (1 point)Mutual funds provide investors withQuestion 48 options:A)diversification.B)security selection.C)asset allocation.D)a. and b.E)a., b., and c.Question 49 (1 point)Returns from a mutual fund are returns on the securities it owns, including distributions ofQuestion 49 options:A)interest.B)dividends.C)capital gains.D)a. and b.E)a., b., and c.
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