Wise Test Review Questions With All Correct Answers.

A credit card is issued to John and Maria Davis. This month, John charges $100 and Maria makes no charges. When the bill is received who is legally responsible for paying the $100 - Answer Both John and Maria A factor that can cause the price of a stock to DECREASE is the company - Answer lowering its expectations of future earnings. A good financial goal should - Answer be achievable in five years. A landlord never received the rent check sent by the renter two weeks ago. What is the first action the renter should take - Answer Contact the bank to find out if the check was cashed. A major reason that corporations issue stock is to - Answer raise money to expand business activities. A person has been contributing regularly to her company's 401(k) plan. She decides to leave the company. It would be financially advisable for her to - Answer move the money from the 401(k) plan into another qualified retirement plan A person is looking at his budget to find ways to invest more money. It would be best for him to - Answer reduce this variable expenses. A person may need to have liquid assets when - Answer there is an emergency need for cash A person receives $200 from an uncle for graduation. This money is considered - Answer a gift. A person wants to buy stock in McDonald's. Before buying the stock it is important that the person consider the - Answer company's potential for making money.