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Exam (elaborations)

Fcs 340 Questions And Answers 2024

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FCS 340 QUESTIONS AND ANSWERS 2024

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FCS 340
Which of the four stewardship principles, if followed wisely, is our gift back to
God? - ANSWERS-Accountability



The text suggests creating a budget that includes at least a allocation to long-term
savings. - ANSWERS-10%



Which of the following is not identified as a purpose of the book? - ANSWERS-
Teach you to accumulate wealth.



The authors suggested four answers to the question, "Why should I learn about
family finance?" Which is not one of the four reasons? - ANSWERS-Community -
becoming a stronger citizen or member of your community



The second important question the authors suggested you ponder was, "What are
the profound principles upon which the stewardship perspective is based?" Which
is not one of the four stewardship principles? - ANSWERS-Discipleship



What does the author believe is the biggest financial mistake made by recent
graduates? - ANSWERS-Buying a house beyond their means



Most financial planners recommend worth of living expenses set aside in a savings
or checking account as an emergency fund. - ANSWERS-three to six months

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