ASLE300 Fall Semester Review 2024

Front

Is buying an expensive new car an example of an investment?

Back

False - An investment typically refers to an asset that is expected to generate income or appreciate in value over time. A car depreciates in value.

Front

What is the Zodiac?

Back

The Zodiac is a group of constellations that lie along the Sun's apparent path in the sky, known as the ecliptic.

Front

What force affects tides the most on Earth?

Back

The Moon - The gravitational pull of the Moon is the primary force that causes tides on Earth.

Front

What is financial liquidity?

Back

Financial liquidity refers to the availability of liquid assets to a market or company, specifically the money needed for unexpected expenses.

Front

How can you protect your assets?

Back

By getting insurance - Insurance helps safeguard your assets against potential losses.

Front

What is depreciation?

Back

Depreciation is the reduction in the value of an asset over time, often due to wear and tear.

Front

What is the ecliptic?

Back

The ecliptic is the apparent path of the Sun across the sky, which also defines the plane of the Earth's orbit around the Sun.

Front

What is the role of the Sun in the solar system?

Back

The Sun is the central star of the solar system, providing light and heat, and its gravitational pull keeps the planets in orbit.

Front

What is an asset?

Back

An asset is any resource owned by an individual or entity that is expected to provide future economic benefits.

Front

What is insurance?

Back

Insurance is a financial product that provides protection against financial loss or risk.