Personal Finance 2 DECA

For her new job, Tasha has been asked to write a report. She has found a website with information regarding her topic. Which of the following would help her identify whether the information on this site is accurate:

• A professional-looking website design

• A date of modification less than one year old

• A table of contents

• A bibliography

It is important to protect against identity theft to prevent unauthorized individuals from

• improving your credit rating.

• trying to sell you a product.

• sending you information online.

• obtaining credit in your name.

After Marco reads an article for class, he recaps the content of the article in his own words. Marco is _______ to help himself focus on the important information in the article.

• creating a timeline

• reviewing vocabulary

• summarizing

• making a diagram

Fluctuations in interest rates often have an impact on the use of

• tax incentives.

• rebates.

• discounts.

• credit.

Which of the following most accurately describes the relationship between risk and return:

• For the potential of a low return, you usually accept a high risk.

• For the potential of a high return, you usually accept a low risk.

• For the potential of a low return, you usually accept no risk.

• For the potential of a high return, you usually accept a high risk.

In relation to career success, it is important for individuals to assess their strengths and weaknesses so they can

• eliminate conflict.

• apply their talents where they are best used.

• improve their relationships with friends.

• change their personalities.

Which of the following businesses is the best example of an entrepreneurial venture:

• A veterinarian invents and sells a device to prevent horse water troughs from freezing.

• A pumpkin farm offers pumpkin carving and costume contests to create more interest.

• A juice bar decides to purchase trucks to sell juice on location during special events.

• A bakery creates a 'cretzel,' a cross between a crescent and a pretzel, as a new product.

Lee is a high school student interested in becoming an entrepreneur. What personal skills and interests should she have to be successful as an entrepreneur?

• A dislike for taking risks

• A preference for stability

• A passion to solve issues

• A need for guidance

Aria wants to invest her money, but she doesn't want to take much risk. She also wants to be able to access her money at any time. Which type of investment should she consider?

• Collectibles

• A certificate of deposit (CD)

• A savings account

• Stocks

Which of the following is a benefit of credit cards:

• No impact on your ability to receive loans

• No interest fees on unpaid credit balances

• The ability to spend unlimited money

• The convenience of buying now and paying later