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CFM Final Exam with 100% Correct Answers Verified Latest Update 2024
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CFM Final Exam with 100% Correct Answers Verified Latest Update 2024
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CFM Final ExamBenefits
Employment extras, such as insurance, paid vacation, and retirement
plans
Aptitude
Your potential to learn a certain skill
Job Shadowing
Following someone on their job to learn about their work
Networking
Communicating with people you know or meet to share information and
advice about job leads
Sole Proprietorship
A business completely owned by one person
Partnership
A business owned by two or more people
Corporation
A business, chartered by a state, that legally exists as a separate entity
from its owners
Entrepreneur
Someone who starts and runs their own business
Franchise
, The legal right to sell a company's goods and services in a particular
area
Exempt employee
An employee that is paid a salary (as opposed to being paid by the
hour); not usually eligible for overtime pay
Nonexempt employee
An employee paid by the hour and eligible for overtime pay
Constructive Criticism
Criticism presented in a way that can help you learn and grow
Flexible expense
An expense that can change from month to month. Examples are food,
power bills, medical expenses
Fixed expense
An expense that you have agreed to pay and is the same from month to
month. Examples are loan payments, rent, cable bill
Certificate of Deposit (CD)
A type of investment where you deposit an amount of money for a fixed
amount of time at a fixed interest rate
Keogh plan
A special type of investment plan, often used by self-employed persons,
to save for retirement
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