FIN 1O1/102/202
BUS/110.
BUSINESS
wiseman 2026/2027 BUSINESS
, FIN 101 Exam2 questions with
correct answers 2026/2027
Edition Graded A+
Which of the following is an advantage of home ownership?
A. Home ownership requires a financial commitment that includes the
costs of maintenance, taxes, insurance, and other expenses.
B. The flexibility of being able to transfer with your job to a new city in
a short period of time.
C. Home ownership is cheaper than renting.
D. Home ownership provides a sense of 'putting down roots' in a
community that can be emotionally comforting - ✅✅D
Which of the following are advantages of renting?
(select all that apply)
,A. You do not have to worry about other bills like maintenance, taxes,
and insurance.
B. For most rentals the time commitment is one year.
C. You can deduct rental payments from your federal income tax
return.
D. You are able to control the environment where you rent. - ✅✅AB
A home for one family, built on its own lot with some distance
between neighbors.
A. Single Family Home
B. Duplex
C. Co-op
D. Condominium or Townhome
E. Timeshare - ✅✅A
A two-family home where each family has its own living quarters.
A. Single Family Home
B. Duplex
, C. Co-op
D. Condominium or Townhome
E. Timeshare - ✅✅B
A corporation owns the property, but the residents of the property
own shares of the corporation.
A. Single Family Home
B. Duplex
C. Co-op
D. Condominium or Townhome
E. Timeshare - ✅✅C
Under these arrangements you own an individual living unit, and share
common area ownership with ohter residents.
A. Single Family Home
B. Duplex
C. Co-op
D. Condominium or Townhome
E. Timeshare - ✅✅D
BUS/110.
BUSINESS
wiseman 2026/2027 BUSINESS
, FIN 101 Exam2 questions with
correct answers 2026/2027
Edition Graded A+
Which of the following is an advantage of home ownership?
A. Home ownership requires a financial commitment that includes the
costs of maintenance, taxes, insurance, and other expenses.
B. The flexibility of being able to transfer with your job to a new city in
a short period of time.
C. Home ownership is cheaper than renting.
D. Home ownership provides a sense of 'putting down roots' in a
community that can be emotionally comforting - ✅✅D
Which of the following are advantages of renting?
(select all that apply)
,A. You do not have to worry about other bills like maintenance, taxes,
and insurance.
B. For most rentals the time commitment is one year.
C. You can deduct rental payments from your federal income tax
return.
D. You are able to control the environment where you rent. - ✅✅AB
A home for one family, built on its own lot with some distance
between neighbors.
A. Single Family Home
B. Duplex
C. Co-op
D. Condominium or Townhome
E. Timeshare - ✅✅A
A two-family home where each family has its own living quarters.
A. Single Family Home
B. Duplex
, C. Co-op
D. Condominium or Townhome
E. Timeshare - ✅✅B
A corporation owns the property, but the residents of the property
own shares of the corporation.
A. Single Family Home
B. Duplex
C. Co-op
D. Condominium or Townhome
E. Timeshare - ✅✅C
Under these arrangements you own an individual living unit, and share
common area ownership with ohter residents.
A. Single Family Home
B. Duplex
C. Co-op
D. Condominium or Townhome
E. Timeshare - ✅✅D
