Wise Test Review Questions and Answers | 100% Correct Answer | Grade A+

A credit card is issued to John and Maria Davis. This month, John charges $100 and Maria makes no charges. When the bill is received who is legally responsible for paying the $100 Ans: Both John and Maria A factor that can cause the price of a stock to DECREASE is the company Ans: lowering its expectations of future earnings. A good financial goal should Ans: be achievable in five years. A landlord never received the rent check sent by the renter two weeks ago. What is the first action the renter should take Ans: Contact the bank to find out if the check was cashed. A major reason that corporations issue stock is to Ans: raise money to expand business activities. A person has been contributing regularly to her company's 401(k) plan. She decides to leave the company. It would be financially advisable for her to Ans: move the money from the 401(k) plan into another qualified retirement plan A person is looking at his budget to find ways to invest more money. It would be best for him to Ans: reduce this variable expenses. A person may need to have liquid assets when Ans: there is an emergency need for cas