Super Sale, Save upto 80% on All Test Banks, Solution Manuals and Exams.

Test Bank for Personal Finance 7Th Canadian edition By Kapoor

$27.00

51% Off
Close
Price Summary
  • $55.00
  • $27.00
  • 51%
  • $27.00
  • Overall you save $28.00 (51%) on this product
In Stock
Highlights:

Digital item No Waiting Time Instant DownloadISBN: 9781259651465 • 1259651460

Compare
Instant Delivery:
With in a Few Seconds
59 People viewing this product right now!
100% Trusted and Secure Payment Process Trues Badge
SKU: 000786000195 Category:
Description

Test Bank for Personal Finance 7Th Canadian edition By Kapoor

Chapter 02

Money Management Strategy: Financial Statements and Budgeting

  True / False Questions

1. When one money management decision is selected, something else must be given up.TRUE

Accessibility: Keyboard NavigationDifficulty: EasyLearning Objective: 02-01 Recognize relationships among financial documents and money management activities.Topic: 02-01 Planning for Successful Money Management

2. Opportunity costs are not only associated with money management decisions involving long-term financial security.TRUE

Accessibility: Keyboard NavigationDifficulty: MediumLearning Objective: 02-01 Recognize relationships among financial documents and money management activities.Topic: 02-01 Planning for Successful Money Management

3. Financial records that may need to be referred to on a regular basis should not be kept in a safety deposit box.TRUE

Accessibility: Keyboard NavigationDifficulty: EasyLearning Objective: 02-02 Create a system for maintaining personal financial records.Topic: 02-04 A System for Personal Financial Records

4. A budget is a record of how a person or family has spent their money.FALSE

Accessibility: Keyboard NavigationDifficulty: MediumLearning Objective: 02-04 Create and implement a budget.Topic: 02-09 Budgeting: A Money Management Skill

5. Personal records current budget, checkbook(s), and bank statements.FALSE

Accessibility: Keyboard NavigationDifficulty: EasyLearning Objective: 02-02 Create a system for maintaining personal financial records.Topic: 02-04 A System for Personal Financial Records

6. Most income tax documents and records should be kept in a safety deposit box.FALSE

Accessibility: Keyboard NavigationDifficulty: MediumLearning Objective: 02-02 Create a system for maintaining personal financial records.Topic: 02-04 A System for Personal Financial Records

7. Insolvency is the inability to pay debts by the due date, because liabilities exceed the value of assets.TRUE

Accessibility: Keyboard NavigationDifficulty: MediumLearning Objective: 02-03 Develop a personal balance sheet and cash flow statement.Topic: 02-05 Personal Financial Statements for Measuring Financial Sustainability

8. A person’s net worth is the difference between the value of the items owned and the amounts owed to others.TRUE

Accessibility: Keyboard NavigationDifficulty: MediumLearning Objective: 02-03 Develop a personal balance sheet and cash flow statement.Topic: 02-05 Personal Financial Statements for Measuring Financial Sustainability

9. Furniture, jewelry, and an automobile are examples of liquid assets.FALSE

Accessibility: Keyboard NavigationDifficulty: MediumLearning Objective: 02-03 Develop a personal balance sheet and cash flow statement.Topic: 02-05 Personal Financial Statements for Measuring Financial Sustainability

10. Current liabilities are amounts that must be paid within a short period of time, usually less than a year.TRUE

Accessibility: Keyboard NavigationDifficulty: EasyLearning Objective: 02-03 Develop a personal balance sheet and cash flow statement.Topic: 02-05 Personal Financial Statements for Measuring Financial Sustainability

Reviews (0)
0 ★
0 Ratings
5 ★
0
4 ★
0
3 ★
0
2 ★
0
1 ★
0

There are no reviews yet.

Only logged in customers who have purchased this product may leave a review.

Scroll To Top
Close
Close
Close

My Cart

Shopping cart is empty!

Continue Shopping

Test Bank for Personal Finance 7Th Canadian edition By Kapoor
Test Bank for Personal Finance 7Th Canadian edition By Kapoor
$27.00 Add to cart