GEB 3006 Final Exam
Save
Practice questions for this set
Learn 1 /7 Study using Learn
The rules for flexible spending accounts generally require that employees use
the money within the current year or lose unused savings.
Choose an answer
1 True 2 False
Don't know?
Terms in this set (157)
If you buy a larger size of False
a product, the price per
unit (such as price per
ounce) will always be
lower.
The price per unit of items False
bought in a warehouse
club such as Sams or
Costco will always be
,Retailers commonly offer True
new items at significantly
higher prices, then plan to
market the goods down
later to ultimately achieve
the desired gross margin
goal.
Which of the following A food product ingredient label.
would provide the most
objective information
about a product?
In most cases, service False
warranty contracts
provide excellent
protection and are
generally good deals.
Assume you spent $250 5 Years
for a pressure washer that
will save you $50 a year in
rental costs.
Using simple payback,
how long will it take to get
your money back?
It is never a good idea to False
prepay something for a
discount due to the risk
involved.
When shopping for a car, False
you should immediately
offer your current car as a
trade-in to strengthen
your bargaining power
Zero percent financing is False
always a great deal since a
zero percent interest rate
is lower than any bank
would ever offer.
Is is always advisable to True
, Assume that a dealer has $10,700
offered you $10,000 for
your car as a trade-in
which will save you 7%
sales tax on your new car's
tax value.
If you decide to sell the
car to a third party, you
need to get more than
Assume you drive 10,000 $1,500
miles per year and get 20
miles to the gallon.
If your car requires
premium gas, how much
more will this cost you
over a 5 year period
assuming that premium
gas costs $0.60/gallon
more than regular?
Depreciation on autos 1 to 3
tends to be highest in
years
Leasing cars is generally False
much cheaper than buying
cars since the payment is
so much lower.
Generally, you need to 5 Years
plan to stay in a house for
about ______ years to
reduce the risk of losing
money on the house when
you resell it.
What are some of the All of the above are disadvantages of owning a house.
disadvantages of owning a
house?
Which of the following Real estate commissions are usually 6% and paid by
statements is TRUE? the seller.
Monthly escrow for 40%
Save
Practice questions for this set
Learn 1 /7 Study using Learn
The rules for flexible spending accounts generally require that employees use
the money within the current year or lose unused savings.
Choose an answer
1 True 2 False
Don't know?
Terms in this set (157)
If you buy a larger size of False
a product, the price per
unit (such as price per
ounce) will always be
lower.
The price per unit of items False
bought in a warehouse
club such as Sams or
Costco will always be
,Retailers commonly offer True
new items at significantly
higher prices, then plan to
market the goods down
later to ultimately achieve
the desired gross margin
goal.
Which of the following A food product ingredient label.
would provide the most
objective information
about a product?
In most cases, service False
warranty contracts
provide excellent
protection and are
generally good deals.
Assume you spent $250 5 Years
for a pressure washer that
will save you $50 a year in
rental costs.
Using simple payback,
how long will it take to get
your money back?
It is never a good idea to False
prepay something for a
discount due to the risk
involved.
When shopping for a car, False
you should immediately
offer your current car as a
trade-in to strengthen
your bargaining power
Zero percent financing is False
always a great deal since a
zero percent interest rate
is lower than any bank
would ever offer.
Is is always advisable to True
, Assume that a dealer has $10,700
offered you $10,000 for
your car as a trade-in
which will save you 7%
sales tax on your new car's
tax value.
If you decide to sell the
car to a third party, you
need to get more than
Assume you drive 10,000 $1,500
miles per year and get 20
miles to the gallon.
If your car requires
premium gas, how much
more will this cost you
over a 5 year period
assuming that premium
gas costs $0.60/gallon
more than regular?
Depreciation on autos 1 to 3
tends to be highest in
years
Leasing cars is generally False
much cheaper than buying
cars since the payment is
so much lower.
Generally, you need to 5 Years
plan to stay in a house for
about ______ years to
reduce the risk of losing
money on the house when
you resell it.
What are some of the All of the above are disadvantages of owning a house.
disadvantages of owning a
house?
Which of the following Real estate commissions are usually 6% and paid by
statements is TRUE? the seller.
Monthly escrow for 40%
