AAMS Module Quizzes (1-10) WITH 100- SURE ANSWERS.
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Course
Social Psychology
Institution
Social Psychology
EUNICE
AAMS All Modules WITH 100% SURE ANSWERS
Terms in this set (349)
An employer plans to use corporate- owned life insurance to informally fund a nonqualified deferred compensation
agreement and wants flexibility regarding investment choices. Which one of the
following types o...
1. gather data
2. establish goals
What are the major steps in the asset
3. analyze information
management process
4. make and implement recommendations
5. monitor
Stefan's business plan includes the This goal is not time-framed.
following goal: "I will contact 50 The acronym to remember for goal setting is SMART, which stands for Specific,
prospective clients and document this Measurable, Achievable, Relevant, and Time-Framed. The primary flaw in this goal is
activity in the CRM for tracking purposes." that it is not time-framed. Because it is not time-framed, it is difficult to tell if this is
Which primary element of a good goal is achievable, but it is certainly measurable and very likely relevant.
missing?
180-day certificate of deposit
Which one of the following is not an
A certificate of deposit is a cash equivalent and therefore should be listed under
invested asset?
Cash and Cash Equivalents.
Victoria Gregory's financial situation is as $89,000
follows: Assets = Cash/cash equivalents + Invested assets + Use assets ($15,000 + $45,000 +
Cash/cash EquivalentsL $15,000 $192,000 = $252,000). Liabilities = Short-term debts + Long-term debts ($23,000 +
Short Term debts: $23,000 $140,000 = $163,000). Assets - Liabilities = Net Worth, so $252,000 - $163,000 =
LTDs: $140,000 $89,000.
Taxes: $8000
Invested Assets: $45,000
Use Assets: $192,000
What is her net worth?
The income statement indicates, for a certain period of time, an individual's cash
inflows and outflows. Its components include gross income, expenses, and surplus
Which one of the following statements best
or deficit.
describes the income statement and its
The income statement describes cash flow for a period of time and contains the
major components?
components of gross income, from which expenses are subtracted to determine the
surplus or deficit.
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