Wise Test Review - 50 Questions With The m m m m m m m
Correct Responses m m
A credit card is issued to John and Maria Davis. This month, John charges $100
m m m m m m m m m m m m m m m m m m m m m m m m m m m m
and Maria makes no charges. When the bill is received who is legally responsible
m m m m m m m m m m m m m m m m m m m m m m m m m m m m
for paying the $100 - correct answer-Both John and Maria
m m m m m m m m m m m mm m m m m m m m m m
A factor that can cause the price of a stock to DECREASE is the company - correct
m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m mm m
answer-lowering its expectations of future earnings.
m m m m m m m m m m m m
A good financial goal should - correct answer-be achievable in five years.
m m m m m m m m m m m mm m m m m m m m m m m m
A landlord never received the rent check sent by the renter two weeks ago. What is
m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m
the first action the renter should take - correct answer-Contact the bank to find out
m m m m m m m m m m m m m m m m m mm m m m m m m m m m m m m m
if the check was cashed.
m m m m m m m m m m
A major reason that corporations issue stock is to - correct answer-raise money to
m m m m m m m m m m m m m m m m m m m mm
m m m m m m m
expand business activities.
m m m m m m
A person has been contributing regularly to her company's 401(k) plan. She decides
m m m m m m m m m m m m m m m m m m m m m m m m
to leave the company. It would be financially advisable for her to - correct answer-
m m m m m m m m m m m m m m m m m m m m m m m m m m m mm
m m m
move the money from the 401(k) plan into another qualified retirement plan
m m m m m m m m m m m m m m m m m m m m m m
A person is looking at his budget to find ways to invest more money. It would be
m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m
best for him to - correct answer-reduce this variable expenses.
m m m m m m m m m m m mm m m m m m m m m m
A person may need to have liquid assets when - correct answer-there is an
m m m m m m m m m m m m m m m m m m m mm m m m m m m m
emergency need for cash
m m m m m m m m
A person receives $200 from an uncle for graduation. This money is considered -
m m m m m m m m m m m m m m m m m m m m m m m m m m m m
correct answer-a gift.
m m m m m m
Correct Responses m m
A credit card is issued to John and Maria Davis. This month, John charges $100
m m m m m m m m m m m m m m m m m m m m m m m m m m m m
and Maria makes no charges. When the bill is received who is legally responsible
m m m m m m m m m m m m m m m m m m m m m m m m m m m m
for paying the $100 - correct answer-Both John and Maria
m m m m m m m m m m m mm m m m m m m m m m
A factor that can cause the price of a stock to DECREASE is the company - correct
m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m mm m
answer-lowering its expectations of future earnings.
m m m m m m m m m m m m
A good financial goal should - correct answer-be achievable in five years.
m m m m m m m m m m m mm m m m m m m m m m m m
A landlord never received the rent check sent by the renter two weeks ago. What is
m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m
the first action the renter should take - correct answer-Contact the bank to find out
m m m m m m m m m m m m m m m m m mm m m m m m m m m m m m m m
if the check was cashed.
m m m m m m m m m m
A major reason that corporations issue stock is to - correct answer-raise money to
m m m m m m m m m m m m m m m m m m m mm
m m m m m m m
expand business activities.
m m m m m m
A person has been contributing regularly to her company's 401(k) plan. She decides
m m m m m m m m m m m m m m m m m m m m m m m m
to leave the company. It would be financially advisable for her to - correct answer-
m m m m m m m m m m m m m m m m m m m m m m m m m m m mm
m m m
move the money from the 401(k) plan into another qualified retirement plan
m m m m m m m m m m m m m m m m m m m m m m
A person is looking at his budget to find ways to invest more money. It would be
m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m m
best for him to - correct answer-reduce this variable expenses.
m m m m m m m m m m m mm m m m m m m m m m
A person may need to have liquid assets when - correct answer-there is an
m m m m m m m m m m m m m m m m m m m mm m m m m m m m
emergency need for cash
m m m m m m m m
A person receives $200 from an uncle for graduation. This money is considered -
m m m m m m m m m m m m m m m m m m m m m m m m m m m m
correct answer-a gift.
m m m m m m
