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Exam (elaborations)

BUS 3302 EXAM 1 and 2 || Questions and Answers

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  • Course
  • BUS 3302
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  • BUS 3302

Why does the Bible place so much emphasis on money and possessions? A. Our spiritual condition can be gauged by our attitude regarding money and possessions. B. Every church needs money C. Money is the most important thing in the world D. Every true Christian will be wealthy correct answers ...

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  • October 9, 2024
  • 17
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • BUS 3302
  • BUS 3302
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BUS 3302 EXAM 1 and 2 || Questions and Answers
Why does the Bible place so much emphasis on money and possessions?

A. Our spiritual condition can be gauged by our attitude regarding money and possessions.
B. Every church needs money
C. Money is the most important thing in the world
D. Every true Christian will be wealthy correct answers A. Our spiritual condition can be gauged
by our attitude regarding money and possessions.

Which is NOT one of the three sources we can look to for Biblical wisdom?

A. Culture
B. Scripture
C. The Holy Spirit
D. Wise counsel from other believers correct answers A. Culture

In the story about the owner and his managers, who did the Owner reward?

A. The managers who did the best with what they had
B. The manager who was not given as much
C. The manager who complained that he was not given as much
D. Only the manager who earned the most correct answers A. The managers who did the best
with what they had

Your checkbook is a testimony because

A. God rewards good people
B. it is a reflection on your good fortune
C. it reflects who you know
D. you spend money on what is important correct answers D. you spend money on what is
important

The Christian manager is expected to

A. judge how well others have done
B. decide who gets what
C. complain about what others have been given
D. manage what we have as best we can correct answers D. manage what we have as best we can

It is clear from Scripture that

A. spiritual people are rich in monetary terms.
B. some have a lot, and some have a little.
C. evil people are poor in monetary terms.

,D. regardless of the amount, God expects us to manage what we have been given. correct
answers D. regardless of the amount, God expects us to manage what we have been given.

Which of the following usually is an indicator of an uncontrolled lifestyle?

A. working more than 40 hours per week
B. High debt loads
C. High salary
D. Position within a company (ex. Executive Vice President) correct answers B. High debt loads

Why is a controlled, debt-free lifestyle an indicator of being a wise money manager?

A. Because this lifestyle leaves us free to follow God's calling.
B. Because the Bible forbids debt.
C. Because rich people can't be good stewards.
D. Because God wants us to be humble correct answers A. Because this lifestyle leaves us free to
follow God's calling.

Money

A. can be our master if it is with God.
B. becomes our servant when we become ascetics.
C. can be used to honor God.
D. is never plentiful to the truly spiritual. correct answers C. can be used to honor God.

Which of the following is true?

A. Money is evil.
B. The love of money is the root of all evil.
C. Money cannot be used for good.
D. We should reject and avoid money. correct answers B. The love of money is the root of all
evil.

The Bible offers more than 2,350 verses on:

A. Prayer
B. Faith
C. Money and possessions
D. Relationships correct answers C. Money and possessions

If you want to learn to manage money well, what should you do first?

A. Study and pray
B. Buy some budgeting software
C. Learn to calculate financial ratios
D. Become a business major correct answers A. Study and pray

, What is the most challenging financial planning question?

A. Where to invest your money?
B. How much is enough?
C. Do I tithe or not?
D. How much do I borrow for college? correct answers B. How much is enough?

Your wealth is a measure of

A. your significance in the community.
B. God's provision.
C. your significance to God.
D. your self-worth. correct answers B. God's provision.

If you have not accumulated enough to fulfill your long-term goals, what should you do?

A. Develop a plan to get there.
B. Set different goals.
C. Give up.
D. Buy lottery tickets. correct answers A. Develop a plan to get there.

Which of these is normally the best reason NOT to loan money to a person?

A. It will change your relationship with that person.
B. They probably don't need it.
C. They probably won't pay you back.
D. Your parents won't approve. correct answers A. It will change your relationship with that
person.

Which of these would be the advantage of discussing your parents' estate plans with them before
they die?

A. You might get more.
B. You understand what the plan is and your role in that plan.
C. You can decide how much to help them in their old age based on how much they will leave
for you.
D. You make sure that you get your part. correct answers B. You understand what the plan is and
your role in that plan.

Why should a couple combine their finances after marriage?

A. To maintain independence
B. To function as one team
C. To reduce taxes
D. To make more money correct answers B. To function as one team

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