Test Bank For PFIN (Personal Finance), 8th Edition by Billingsley, Gitman & Joehnk's| 9780357988046| All Chapters 1-15| LATEST

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TEST BANK FOR
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PFINs28ths2Editions2bys2Randalls2Billingsley,s2Lawrences2Gitman,s2Michaels2Joehnk
Chapters21-15s 2 s 2 Answerss2ares2ats2thes2ends2ofs2Eachs2Chapter


chapters21

Indicates2whethers2thes2statements2iss2trues2ors2false.

1. Savings2$400s2fors2as2large,s2flat-screens2TVs2withins2thes2nexts2fours2monthss2iss2ans2examples2ofs2as2short-terms2goal.
a. True
b. False

2. Commission-baseds2financials2plannerss2charges2feess2baseds2ons2thes2complexitys2ofs2thes2plans2theys2prepare.
a. True
b. False

3. Ins2thes2Uniteds2States,s2salariess2tends2tos2bes2highers2ins2thes2Northeasts2ands2Wests2thans2ins2thes2South.
a. True
b. False

4. Settings2long-s2ands2short-terms2careers2goalss2helpss2ins2careers2planning.
a. True
b. False

5. Financials2plannings2takess2places2ins2as2dynamics2economics2environments2createds2bys2thes2actionss2ofs2thes2govern
ment,s2business,s2ands2consumers.
a. True
b. False

6. Yous2shoulds2discusss2yours2financials2goalss2ands2attitudess2towards2moneys2withs2yours2partner.
a. True
b. False

7. Accumulatings2wealths2fors2laters2yearss2iss2calleds2estates2planning.
a. True
b. False

8. Its2iss2easys2tos2changes2yours2partner’ss2financials2style,s2sos2theres2iss2nos2needs2fors2financials2plannings2tos
2resolves2conflictss2regardings2moneys2matters.
a. True

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b. False

9. Taxs2planss2ares2closelys2tieds2tos2investments2plans.
a. True
b. False

10. Recessionss2ands2financials2crisess2wills2alwayss2results2ins2jobs2loss.
a. True
b. False

11. Thes2longers2yous2waits2tos2begins2retirements2planning,s2thes2lesss2yous2ares2likelys2tos2haves2ins2yours2retirements2fund.
a. True
b. False

12. Careers2planss2shoulds2nots2bes2changeds2afters2long-s2ands2short-terms2careers2goalss2ares2set.
a. True
b. False

13. Yous2shoulds2limits2yours2spendings2tos2nos2mores2thans220s2percents2mores2thans2whats2yous2earn.
a. True
b. False

14. Morgans2hass2ans2annuals2incomes2ofs2$45,000s2ands2spendss2$30,000s2fors2currents2needs.s2Morgan’ss2averages
2propensitys2tos2consumes2iss280s2percent.
a. True
b. False

15. Thes2mosts2effectives2ways2tos2achieves2financials2objectivess2iss2throughs2personals2financials2planning.
a. True
b. False

16. Tangibles2(physical)s2assetss2ares2earnings2assetss2thats2ares2helds2fors2thes2returnss2theys2promise.
a. True
b. False

17. Twos2peoples2withs2significantlys2differents2incomess2cans2haves2equals2averages2propensitiess2tos2consume
s2becauses2ofs2differencess2ins2theirs2standards2ofs2living.
a. True
b. False

18. Thes2needs2fors2financials2plannings2decliness2ass2yours2incomes2increases.
a. True
b. False

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19. Retirements2plannings2includess2takings2advantages2ofs2ands2managings2employer-sponsoreds2benefits.
a. True
b. False

20. Geographics2factorss2affects2yours2earnings2power.
a. True
b. False

21. Fee-onlys2financials2plannerss2earns2commissionss2fors2thes2productss2theys2sell.
a. True
b. False

22. Maritals2statuss2affectss2thes2incomes2levels2ofs2individuals.
a. True
b. False

23. Yours2purchase,s2saving,s2investment,s2ands2retirements2planss2ands2decisionss2ares2nots2influenceds2bys2thes2prese
nts2states2ofs2thes2economy.
a. True
b. False

24. Fors2employeess2ofs2larges2firms,s2managings2employees2benefitss2iss2ans2importants2parts2ofs2financials2planning.
a. True
b. False

25. Short-
terms2plannings2shoulds2includes2creatings2ands2maintainings2ans2emergencys2funds2withs2ats2leasts2sixs2months’s2wort
hs2ofs2income.
a. True
b. False

26. Thes2federals2governments2delegatess2itss2regulations2ofs2economics2activitys2functions2tos2businessess2ands2consumers.
a. True
b. False

27. Thes2supports2ofs2philanthropics2organizationss2iss2as2materials2items2thats2contributess2tos2ours2qualitys2ofs2life.
a. True
b. False

28. Thes2averages2propensitys2tos2consumes2iss2commonlys2vieweds2ass2as2keys2determinants2ofs2standards2ofs2living.
a. True
b. False

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29. Financials2plannings2cans2improves2yours2standards2ofs2living.
a. True
b. False

30. Whens2yous2gets2yours2firsts2job,s2yous2shoulds2makes2as2goods2financials2plans2thats2yous2cans2follows2withouts2mak
ings2changess2untils2yous2retire.
a. True
b. False

31. Livings2costss2ares2constants2throughouts2thes2country.
a. True
b. False

32. Standards2ofs2livings2iss2defineds2ass2thes2necessities,s2comforts,s2ands2luxuriess2desireds2bys2ans2individuals2ors2as2family.
a. True
b. False

33. Thes2decisionss2yous2makes2ins2careers2plannings2ares2independents2ofs2thes2decisionss2yous2makes2ins2financials2planning.
a. True
b. False

34. Mosts2peoples2tends2tos2bes2mores2liberals2abouts2theirs2expendituress2durings2as2recessions2ors2crisis.
a. True
b. False


Indicates2thes2answers2choices2thats2bests2completess2thes2statements2ors2answerss2thes2question.

35. Taxs2plannings2iss2mosts2commons2amongs2individualss2with:
a. lows2incomes.
b. highs2incomes.
c. nos2incomes.
d. erratics2incomes.
e. decreasings2incomes
.

36. Whichs2ofs2thes2followings2woulds2NOTs2bes2considereds2ans2asset?
a. Savingss2account
b. Land
c. Credits2cards2balance
d. Jewelry
e. Moneys2markets2fun
ds

37. Whens2applyings2fors2as2jobs2withins2as2larges2nationwides2company,s2yous2notices2thats2salariess2fors2thes2sames2posi
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