Budgets & Financial Records (FL3)

Front

When preparing a budget, which option will NOT be included?
Options:
expenses,
income,
cash surplus,
personal property inventory

Back

personal property inventory

Front

A long-term set of goals for spending, saving, and investing the money you receive.

Back

financial plan

Front

What is the most common type of negotiable instrument?

Back

check

Front

A document that lists things you own, along with purchase prices and approximate current values

Back

personal property inventory

Front

A statement of assets, liabilities, and overall worth

Back

net worth statement

Front

When your liabilities are greater than your asset, you are solvent.

Back

False

Front

Only written contracts can be legally enforced.

Back

False

Front

Some contracts can be implied by actions.

Back

True

Front

In a contract, when a valid offer is made and accepted, what is this called?

Back

agreement

Front

If you sign a contact, but don't understand the terms, you will still be required to fulfill the contract's requirements.

Back

True