Career Prep B Final Exam

Career Prep B Final Exam

Assessment

Flashcard

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10th Grade - University

Hard

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44 questions

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1.

FLASHCARD QUESTION

Front

What are the different types of income? Options: Wages and Salaries, Commissions, Interest Income, All of the above

Back

All of the above

2.

FLASHCARD QUESTION

Front

The cost of food is considered a ______expense.

Back

Variable Expense

3.

FLASHCARD QUESTION

Front

_______ is a way to prepare in advance for planned purchases and to have sufficient funds on hand for unexpected expenses.

Back

Spending Plan

4.

FLASHCARD QUESTION

Front

Possessions that generally increase in value or provide a return.

Back

Assets

5.

FLASHCARD QUESTION

Front

A debt is the same as a _____?

Back

Liability

6.

FLASHCARD QUESTION

Front

Assets - Liabilities = ?

Back

Net Worth

7.

FLASHCARD QUESTION

Front

Which is the best value: The first pair of high quality boots is handmade from real leather, has a lifetime warranty, and costs $175. The second pair of boots is machine made from imitation leather, does not have a lifetime warranty, and costs $65.

Back

High quality boots for $175.

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