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Assuming you own a home, where would the appraisal value of your home go in a personal balance sheet




Question;Questions 1?20: Select the one best answer to each question1. Assuming you own a home, where;would the appraisal value of your home go in a personal balance sheet?;A. Under liabilities;B. Within the equity total;C. Under assets;D. Under both the equity and the;liabilities sections;2. When you work within an organization;you?re typically not taught to;A. follow a supervised plan for;managing your time.;B. act as your own supervisor.;C. act in ways that are derived from;established procedures.;D. identify yourself with your job;or position.;3. When budgeting for your immediate;needs, you should divide them into;A. immediate and discretionary;expenses.;B. fixed and immediate expenses.;C. discretionary and fixed expenses.;D. fixed and intermittent expenses.;4. According to the discussion of;the ?color of money,? blue money is;A. money spent wisely.;B. money set aside for emergencies;and unexpected expenses.;C. currently expended green money.;D. invested for the long term.;5. In ancient Greece, a group of;people living together with the common purpose of taking care of each other;through economic activity was called a(n);A. household.;C. economy.;B. commune.;D. community.;6. In thinking about the ?color of;money,? which color would correspond to a DVD player charged on a department;store credit card?;A. Blue;B. Green;C. Red;D. Gray;7. As you do your _______ when;considering a business venture, you should consider factors such as your;financial resources, your special skills, where you live, and what you like to;do with your time.;A. evaluating;B. creative thinking;C. marketing and production;D. planning;8. You?re in search of the job that;will give you a sense of self-esteem and allow you to employ your skills. Which;among the four general types of life goals are you mainly pursuing?;A. Establishing your values;B. Establishing primary;relationships;C. Seeking your ideal social place;D. Surviving in the jungle of;competition;9. You?re in the process of setting;up a business plan. In particular, you?re thinking about how to work your plan.;You need to focus on two process considerations. The first concerns organization;of the business, the second concerns the operations of the business, such as;A. deciding who will do what and when.;B. contacting potential investors.;C. working out a pricing scheme.;D. thinking out your mission;statement.;10. In working out your plan for;pricing your products, you decide to keep your prices at about the same level;as similar businesses in adjoining states. This could best be described as a;approach.;A. skimming;B. simple comparison;C. market penetration;D. competitive;11. You?ve decided to capitalize;your new business through a bank loan and through offering stock to a limited;number of investors. Your initial funding will;A. include equity and start-up;financing.;B. consist of debt financing through;investors.;C. consist of personal and public;equity financing.;D. include debt and equity financing.;12. In this study unit, you were;encouraged to create a graphic representation of how you spend your time over;24 hours. It suggested using different colors to indicate your level of;A. interest;B. anxiety.;C. detachment.;D. effort.;13. As you manage your personal;finances, you?ll probably want to pay attention to general conditions in the;economy. One general concern for most people managing their day-to-day finances;would be;A. current interest rates.;B. the international labor market.;C. good deals in major real estate;ventures.;D. the likelihood of a major;depression.;14. An entrepreneur estimating costs;for a new business tends to avoid looking at the;A. cost of capital equipment.;B. escalating costs of raw;materials.;C. inevitability of things going wrong.;D. costs associated with hiring;personnel.58 Examination;15. As a bank loan officer looks;over your business plan, which of the following statements is most likely to;get more of her careful attention when she considers the progress your business;will make?;A. Your cash flow projection;B. Your most recent balance sheet;C. Your personal financial statement;D. Your current income statement;16. When researching your;prospective business, you must know your product and your;A. sales pitch.;B. interests.;C. customer.;D. skills.;17. Because consumers today are;presented with so many choices, it?s generally best if your advertising is;A. persistent to the point of being;annoying.;B. targeted to the demographic profile of the potential;customer.;C. consistent with your highest;values.;D. imaginative and amusing enough to;get a person?s attention.;18. You?ve decided that you want to;get your household budget under control so you can increase the proportion of;money you devote to savings. Your first step will be to;A. check out wise investments.;B. open a savings account.;C. think about how you most enjoy;spending your time.;D. keep track of your expenses for a period of time.;19. In the most basic terms, while;working out the business process of production and marketing, you?ll want to be;continually prepared for;A. finding innovative ways to reduce;expenses.;B. locating new blood to replace;employees who don?t work out.;C. balancing growth against the need;for increasing your profits.;D. adapting to new conditions in the market and within your;organization.;20. Prior to opening your new gift;shop, you?ll want to locate dependable suppliers before;completing the _______ process.;A. research;B. planning;C. operations;D. creative thinking


Paper#52114 | Written in 18-Jul-2015

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