ECO 210 UNIT 2 CHALLENGES AND MILESTONE

CHALLENGE 1 Developing __________ skills allows individuals to use various digital tools to efficiently manage and track their finances.  a.) productivity  b.) agility  c.) technology  d.) problem solving Philip earns $6,500 a month working for the family business. Each month, he pays $4,000 toward credit card payments, a mortgage, and student loan debt. He spends $1,500 monthly on living expenses and saves the remaining amount. What is Philip's savings ratio rounded to the nearest percent?  a.) 22%  b.) 10%  c.) 5%  d.) 15% Rosalyn works part-time stacking shelves at a supermarket. At the end of each week, she is paid for the hours she has worked that week. The payment that Rosalyn receives is a __________.  a.) This study source was downloaded by from CourseH on :44:32 GMT -06:00 commission  b.) bonus  c.) wage  d.) salary Which of the following is an advantage of a limited liability company (LLC)?  a.) The assets of the business are protected from creditors.  b.) The legal costs to set up an LLC are lower than those to set up other forms of ownership.  c.) If the business is unable to pay its debts, creditors cannot claim the nonbusiness assets of the owner.  d.) Setting