FIN 305 : TEST 1 Questions with Correct Solutions
Question:
1. Multicultural Psychology
Answer:
Psychological study recognizing multiple identity aspects (race, gender, class) influence
worldview.
Question:
2. Risk Capacity
Answer:
The amount of financial risk a client can afford to take on.
Question:
3. Risk Tolerance (Propensity)
Answer:
The amount of risk a client is actually willing to take on.
Question:
4. Visual Learning Style
Answer:
Learning preference using pictures, charts, colors, and graphs.
Question:
5. Auditory Learning Style
Answer:
Learning preference relying on verbal explanations and repetition of key information.
Question:
6. Kinesthetic Learning Style
, Answer:
Learning preference using hands-on activities, online exercises, and technology.
Question:
7. Social Consciousness
Answer:
Awareness of and responsibility for societal problems and injustices.
Question:
8. Conscious vs a person's conscisness
Answer:
Conscious is a moral compass where they judge right and wrong. A person's consciousness
will guide their actions (refers to awareness)
Question:
9. Herd Mentality
Answer:
Buying or selling when others do, leading to buying high and selling low.
Question:
10. Anchoring
Answer:
Fixating on the first piece of information reviewed rather than objectively analyzing new data.
Question:
11. Money Avoidance
Answer:
these people believe they should not care about $ and do not deserve it
Question:
12. Money Worship
Answer:
These people believe things would be better if they had more $. Hard to be poor and happy
Question:
13. Money Status
Answer:
People believe will not buy something unless it is new. They believe they are only as
successful as the amount of money they earn
Question:
1. Multicultural Psychology
Answer:
Psychological study recognizing multiple identity aspects (race, gender, class) influence
worldview.
Question:
2. Risk Capacity
Answer:
The amount of financial risk a client can afford to take on.
Question:
3. Risk Tolerance (Propensity)
Answer:
The amount of risk a client is actually willing to take on.
Question:
4. Visual Learning Style
Answer:
Learning preference using pictures, charts, colors, and graphs.
Question:
5. Auditory Learning Style
Answer:
Learning preference relying on verbal explanations and repetition of key information.
Question:
6. Kinesthetic Learning Style
, Answer:
Learning preference using hands-on activities, online exercises, and technology.
Question:
7. Social Consciousness
Answer:
Awareness of and responsibility for societal problems and injustices.
Question:
8. Conscious vs a person's conscisness
Answer:
Conscious is a moral compass where they judge right and wrong. A person's consciousness
will guide their actions (refers to awareness)
Question:
9. Herd Mentality
Answer:
Buying or selling when others do, leading to buying high and selling low.
Question:
10. Anchoring
Answer:
Fixating on the first piece of information reviewed rather than objectively analyzing new data.
Question:
11. Money Avoidance
Answer:
these people believe they should not care about $ and do not deserve it
Question:
12. Money Worship
Answer:
These people believe things would be better if they had more $. Hard to be poor and happy
Question:
13. Money Status
Answer:
People believe will not buy something unless it is new. They believe they are only as
successful as the amount of money they earn
