Intro to Business Fall 2024 Final

Front

Are money left over after expenditures are set aside for future use? Options: Investments, Retirement, Social Security, Savings

Back

Savings

Front

What is the 50-20-30 budget rule?

Back

A method for dividing your paycheck into three categories: essentials, savings, and wants.

Front

What is the first step in buying a new car according to?

Back

Secure financing

Front

Which of the following is NOT listed as a cost when buying a car? Maintenance, Insurance, Registration fees, Gym membership

Back

Gym membership

Front

What is one way to save money if your rent is too high to save for buying a home? Options: Reduce grocery expenses, Move to a cheaper apartment, Stop using the internet, Buy a smaller car

Back

Move to a cheaper apartment

Front

What should you consider before making the decision to rent or buy a home? Options: The color of the house, Your financial situation, Where you live, What stores are nearby

Back

Your financial situation

Front

What is a key factor when buying a home? Options: Favorite neighborhood, Credit score, Number of bedrooms, Proximity to a beach

Back

Credit score

Front

Which of the following is an advantage of buying a home? Easier to relocate, Potential tax benefits, Less maintenance responsibility, Lower upfront costs

Back

Potential tax benefits

Front

What is one of the steps involved in buying a home? Options: Decide on your favorite car brand, Secure a mortgage pre-approval, Purchase new furniture, Choose a vacation destination

Back

Secure a mortgage pre-approval

Front

What should you do after test driving a car? Options: Make an offer immediately, Review your budget and financing options, Visit another dealership, Check the car's color options

Back

Review your budget and financing options