GEB 3006: Financial Literacy Final Exam questions n answers rated A+

GEB 3006: Financial Literacy Final
Exam questions n answers rated A+

The Pecking Order of Employers (slide 6 of Salaries & Benefits PowerPoint)



A. Employees should start at the bottom of the chain & move up.

B. Employees can easily move down the chain but rarely can you move up. - correct answer ✔✔
B. Employees can easily move down the chain but rarely can you move up.

Example: Dardin is the top restaurant business in the country (they own 10+ restaurant chains
including Olive Garden). Work for Dardin first then you go wherever, Dardin hires the best of the
best.



The Pecking Order of Employers (slide 7 of Salaries & Benefits PowerPoint)



Which company is a better place to start at?

A. Goldman Sachs

B. Walmart - correct answer ✔✔ A. Goldman Sachs



True or False || We, as people, run our life like we are a business. (Slide 7 of Time Value of
Money) - correct answer ✔✔ True,



We should run our life like we are a business



True or False || We know that receiving $1 today is worth less than $1 in the future. (Slide 8 of
Time Value of Money) - correct answer ✔✔ FALSE, We know that receiving $1 today is worth
more than $1 in the future. This is due to opportunity costs*