B/M Ess. CH 16 Review

B/M Ess. CH 16 Review

12th Grade

16 Qs

quiz-placeholder

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B/M Ess. CH 16 Review

B/M Ess. CH 16 Review

Assessment

Quiz

Business

12th Grade

Medium

Created by

Jody Booth

Used 2+ times

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16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A record of your assets and liabilities is called a cash flow statement.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A budget can help you buy wisely and avoid credit problems.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A difference between actual spending and budgeted spending is called budget variance.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Financial planning will ELIMINATE your financial uncertainties.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Estate planning is the process of purchasing a large mansion and surrounding property.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The difference between your personal assets and your personal liabilities is your...

cash inflow

net worth

cash outflow

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A personal balance sheet would report all except...

net income

amount in your checking account

value of your car

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