Frugal - Study guides, Class notes & Summaries

UGBA 135 Midterm Verified Test Questions 2024. 21st Century Millionare - correct answer - Someone who can financially take care of themselves without help from any government agency, living the life they want to lead - After working for 40 years, only 5% of people are financially independent (don't need government assistance) - Cornerstone of their wealth = being frugal (not cheap, but value-oriented) --> budget and spend carefully, live within their means - People who succeed have goals...

UGBA 135 Midterm Review Practice Test 2024. Emergency fund - correct answer in a savings account 3-6 months living expenses Definition of millionaire - correct answer financially independent Rule of 72 - correct answer The number of years it takes for a certain amount to double in value is equal to 72 divided by its annual rate of interest. Each time you get paycheck, what is % goal you should put away (savings goal) - correct answer 20% What does being frugal mean - correct answer ...

1. Planning and Establishing priorities 2. Complete highest priority tasks 3. Re-prioritize based on new information Steps to Time Management 1. Time assessment 2. Writing things down 3. Prioritize activities 4. Learning to do a task more quickly 5. Organizing tasks 6. Use time estimates 7. Document ASAP 8. Strive to end the work day on time 9. Take breaks 10. Delegating 11. Organizing with the team 12. Creating effective meetings Strategies for effective time management Time Assessments Where...

Heuristic correct answer: Learns by acting Uses trial and error Values experience, effort reduction Relies on common sense Seeks satisficing solution Fast and frugal May lead to decision biases! analytics correct answer: developing actionable decisions or rec for action based on insights from histroical data -combo of computer tech, mgt sci techniques, and states to solve real problems -sports analytics, tinder descriptive correct answer: preliminary stage, create summar...

UGBA 135 Final Exam Questions Correctly Answered is the greatest factor that determines your credit score? - correct answer paying bills on time over time the "cornerstone" of wealth is? - correct answer being frugal, not cheap but value oriented what is the minimum criteria for a credit score? - correct answer - at least one reported "account" which has been open for at least six months - at least one report that has been reported by a lender in the last six months and nothing that ...

UGBA 135 Final Exam (Fall 2022) The Rule of 72 is used to estimate A. How long will it take you to earn 50%? B. How long it will take you to out-earn inflation? C. How long it will take to double your money? D. None of the above C (How long it will take to double your money) Compounding means earning interest on interest (T/F) True Who said compound interest is the greatest discovery of mankind? Albert Eienstien The best time to decide how much to save for retirement each month is a...

Church of God CAM's Practical Commitments with Verified Solutions Give seven examples of spiritual disciplines Prayer; praise; worship; confession; fasting; meditation; study Through prayer, we express our trust and ____ on Jehovah God for our needs and for the needs of others Dependence Periods of fasting, we draw close to God, meditate on the passions of Christ, and discipline ourselves to ____ to the control of the Holy Spirit in all areas of our lives. Submit We are short of...

Thinking Definition - Answer any mental activity or processing of information, including learning, remembering, perceiving, communicating, believing, and deciding What is cognitive economy? - Answer The use of heuristics to reduce mental effort while still getting things right most of the time What are heuristics? - Answer Mental shortcuts, drawn from inferences, to increase thinking efficiency Can fast and frugal thinking be better than exhaustive analysis? - Answer Yes What...

CHSPE VOCAB TEST QUESTIONS WITH ANSWERS Zeitgeist - Answer-The intellectual and moral tendencies that characterize any age or epoch. fidelity - Answer-FAITHFULNESS; LOYALTY flippant - Answer-Humorous in a disrespectful, casual way; rudely witty frugal - Answer-Economical, thrifty, not wasteful with money facile - Answer-(adj.) easily done or attained; no difficult to do germane - Answer-(adj.) relevant, appropriate, apropos, heinous - Answer-(adj.) very wicked, offensive, hat...

Commoditization correct answers Consequence of mature industries where slowing innovation, extensive product assortment, excess supply and frugal consumers force margins to the floor If a product is a commodity... correct answers The product is exactly the same as your competition Having a commodity is correct answers Not a good thing, because it drives down the prices Marketing Planning and Strategy correct answers All organizations require effective planning and a sound marketing stra...