Personal finance ch 3 - Study guides, Class notes & Summaries

Personal Finance Ch 3 Exam Questions with Correct Answers (1) T or F: #1 reason for divorce is stress and disagreement over money - Answer-True T or F: The envelope system works great for managing spending on things that donʹt normally have a fixed monthly expense - Answer-True T or F: If you write a zero-based budget every month, it is not necessary to reconcile your account - Answer-False T or F: Budgeting is crucial to your financial success - Answer-True T or F: Writing and f...

FINA 365-Ch. 3 Exam with Questions and Answers What is the primary function of finance companies? A. Protect individuals and corporations from adverse events. B. Make loans to both individuals and corporations. C. Extend loans to banks and other financial institutions. D. Pool the financial resources of individuals and companies and invest in diversified portfolios of assets. E. Assist in the trading of securities in the secondary markets. ANSWER B Which of the following is NOT a typ...

Finance - Answers-can be defined as the science and art of managing money -how much of their earnings they spend -how much they save -how they invest their savings - Answers-At the personal level, finance is concerned with individuals' decisions about: (3 things) -how firms raise money from investors -how firms invest money in an attempt to earn a profit -how firms decide whether to reinvest profits in the business or distribute them back to investors - Answers-In a business context, ...

What country has the highest per capita medical expenditures of any country in the world? The United States -$10,527 health care costs per person in 2016 -this amount is twice as much spent on health care as the average for the 24 industrialized countries in Europe and North America How much is annual health care spending expected to grow by 2024? 20% of GDP Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:06 / 0:15 Full sc...

Contractor's Manual - Planning Check list for starting a business includes: Nature of your business or service, markets, competition, expense of start-up, projecting income and expenses, legal types of businesses, employment, taxes, regulations, financing, site locations, leasing arrangements, insurance coverage, record keeping, advertising & marketing. Contractor's Manual - Planning The duties of an effective and responsible manager include: Planning, Organizing, Directing, C...

Ch. 3 Key Skill: Oral Communication - Answer Ability to speak in public, speak to large groups, and make persuasive presentations demonstrating knowledge about the product and its potential to benefit the customer Ch. 3 Key Skill: Written Communication - Answer Competence to prepare sales presentations, reports, analyses, and general correspondence in a concise and insightful manner Ch. 3 Key Skill: Data Analysis Skills - Answer Use of data to inform the decision-making process; whether it...

75% of start up capital for a business.. - savings, bank loans, and credit cards small businesses are independent businesses with fewer than how many employees - 500 specialists with responsibilities for specific parts of a company's operations - middle management Long Term Financing - money needed for main resources of a business start up financing - money needed for inventory, supplies, and licenses short term financing - money needed for operating activities of a business M...

FAM 350 Ch. 12-15 Exam 3 Questions And Answers (Verified And Updated) Adjustable-rate mortgages (ARMs) - answermortgages with fluctuating interest rates within a specific range, based on changes in the economy appreciation - answeran increase in value (usually referring to a home) assets - answertangible things that are owned closing - answerthe meeting in which real estate is transferred from seller to buyer condominiums - answertypes of dwellings that are attached to each another and th...

FAM 350 Ch. 12-15 Exam 3 Questions And Answers (Verified And Updated) Adjustable-rate mortgages (ARMs) - answermortgages with fluctuating interest rates within a specific range, based on changes in the economy appreciation - answeran increase in value (usually referring to a home) assets - answertangible things that are owned closing - answerthe meeting in which real estate is transferred from seller to buyer condominiums - answertypes of dwellings that are attached to each another and th...

Areas of expert knowledge required for all real estate licensees? - Answer- 1. Property Transfer 2. Valuation 3. Marketing (Not accounting or construction) Real estate licensees can perform valuations under the real estate license law if the valuation is not to be used _________. - Answer- in a federally related transation real estate licensees usually prepare... - Answer- CMAs or give a BPO. They do NOT perform appraisals Does Florida have a reciprocity with any other state with regard...