Personal Finance DECA

Ownership investments are ideal for investors who are

• just beginning to invest.

• risk-averse.

• close to retirement.

• risk-tolerant.

What is the main reason for treating saving money in a bank account like a fixed expense in a personal budget?

• So that you save money regularly

• So that money can earn more interest

• To pay expenses and bills on time

• To pay for financial emergencies

Which of the following is a challenge that entrepreneurs often face:

• Tax breaks

• Increased resources

• Potential financial loss

• Extra vacation time

Kia wants to buy a bike. She researches information about different models and finds the following review on a website called Ben's Bike Blog for the FreeStyle 9000: “I love this bike so much! It is the best model I have found for my needs. No need to look anywhere else for a bike you will enjoy—contact me if you would like to learn more.” After looking through the website, Kia realizes that Ben sells this model of bike. This website possibly demonstrates

• bias.

• liability.

• fraud.

• reliability.

Workers should learn to be adaptable as they move through their careers because

• the marketplace tends to stabilize over time.

• businesses hire employees who are set in their ways.

• they show employers that they are satisfied with the status quo.

• the business environment is always changing.

Many businesspeople are required to take continuing education classes to

• supplement their existing income.

• maintain their professional certifications.

• improve their standard of living.

• demonstrate their emotional intelligence.

Which of the following is a disadvantage of investing in a savings account:

• The rate of return doesn't keep up with inflation.

• A minimum balance is required to keep the account active.

• You must pay a penalty for withdrawing your money early.

• There is a high potential for loss.

Which of the following is a disadvantage of using cash as a form of financial exchange:

• The risk of theft decreases.

• It is easy to steal or lose.

• Cash payments often incur fees.

• There is a higher risk of fraud.

An advantage of using cash as a payment method is the fact that

• there are no security benefits.

• it is inconvenient.

• there are no hidden fees.

• it helps build credit.

Daniel works as a marketing strategist at a digital marketing agency, where he earns a yearly __________ in compensation for his work.

• salary

• bonus

• commission

• stipend