https://www.stuvia.com/user/nursecare
Test Bank for Personal Finance 2nd Edition 978-1119600558 by Vickie L.
Bajtelsmit – Complete Exam Questions & Solutions LATEST 2026
UPDATE
NURSECARE STUVIA
https://www.stuvia.com/user/nursecare
,https://www.stuvia.com/user/nursecare
TEST BANK FOR
Personal Finance, 2nd Edition Vickie L. Bajtelsmit
Chapter 1-14
Chapter 1
To accompany Personal Finance, 2nd edition, by Vickie
Bajtelsmit
Summary: 47 questions. 46 Multiple Choice | 1 Multiple Select
LO 1.1 8 17%
LO 1.2 14 30%
LO 1.3 5 11%
LO 1.4 8 17%
LO 1.5 12 26%
47
Easy 6 13%
Medium 40 85%
Hard 1 2%
47
Knowledge 6 13%
Comprehensive 18 38%
Application 17 36%
Analysis 6 13%
47
Calculations
Percentage Change Calculation #14
https://www.stuvia.com/user/nursecare
,https://www.stuvia.com/user/nursecare
Percentage Change Calculation (with #15
distractor)
Percentage Change Calculation (multiple #16
yrs.)
Annual Percentage Change #17
Calculation
Fee Calculation #34
Opportunity Cost Calculation #40
1. Personal finance is a specialized area of study that
focuses
A) exclusively on investments and retirement planning.
B) on financial management, household budgets, and investments.
C) exclusively on investment management and household budgets.
D) on individual and household financial decisions, such as budgeting,
saving, spending, tax planning, insurance, and investments.
Answer: D
Solution: Personal finance is a specialized area of study that
focuses on individual and household financial decisions, such as
budgeting, saving, spending, tax-planning, insurance, and
investments.
Format: Multiple Choice
Title: Test Bank 1.1 Personal Financial Planning
Section: Why Study Personal Financial Planning?
Learning Objective: 1.1 Describe the personal financial planning process,
and explain how the elements of a comprehensive financial plan fit
together.
Difficulty: Easy
Bloomcode:
Knowledge AACSB:
Knowledge
Expected Time to Complete: 1 minute
2. Critical to the success of building a comprehensive financial plan is that
you approach its creation in a logical order. The steps to success, in the
correct order, are as follows:
A) Secure basic needs, build and protect wealth, and establish a firm foundation.
B) Secure basic needs, establish a firm foundation, and build and protect wealth.
C) Build and protect wealth, establish a firm foundation, and secure basic needs.
D) Establish a firm foundation, secure basic needs, and build and protect wealth.
Answer: D
https://www.stuvia.com/user/nursecare
, https://www.stuvia.com/user/nursecare
Solution: Critical to the success of building a comprehensive financial
plan is that you approach its creation in a logical order. The steps to
success are: establish a firm foundation, secure basic needs, and build
and protect wealth.
Format: Multiple Choice
Title: Test Bank 1.1 Steps to a Comprehensive Financial Plan
Section: Elements of a Comprehensive Financial Plan
Learning Objective: 1.1 Describe the personal financial planning process,
and explain how the elements of a comprehensive financial plan fit
together.
Difficulty: Medium
Bloomcode:
Comprehension AACSB:
Comprehension
Expected Time to Complete: 2 minutes
3. The financial planning process includes five steps. Four of the steps are listed next:
https://www.stuvia.com/user/nursecare
Test Bank for Personal Finance 2nd Edition 978-1119600558 by Vickie L.
Bajtelsmit – Complete Exam Questions & Solutions LATEST 2026
UPDATE
NURSECARE STUVIA
https://www.stuvia.com/user/nursecare
,https://www.stuvia.com/user/nursecare
TEST BANK FOR
Personal Finance, 2nd Edition Vickie L. Bajtelsmit
Chapter 1-14
Chapter 1
To accompany Personal Finance, 2nd edition, by Vickie
Bajtelsmit
Summary: 47 questions. 46 Multiple Choice | 1 Multiple Select
LO 1.1 8 17%
LO 1.2 14 30%
LO 1.3 5 11%
LO 1.4 8 17%
LO 1.5 12 26%
47
Easy 6 13%
Medium 40 85%
Hard 1 2%
47
Knowledge 6 13%
Comprehensive 18 38%
Application 17 36%
Analysis 6 13%
47
Calculations
Percentage Change Calculation #14
https://www.stuvia.com/user/nursecare
,https://www.stuvia.com/user/nursecare
Percentage Change Calculation (with #15
distractor)
Percentage Change Calculation (multiple #16
yrs.)
Annual Percentage Change #17
Calculation
Fee Calculation #34
Opportunity Cost Calculation #40
1. Personal finance is a specialized area of study that
focuses
A) exclusively on investments and retirement planning.
B) on financial management, household budgets, and investments.
C) exclusively on investment management and household budgets.
D) on individual and household financial decisions, such as budgeting,
saving, spending, tax planning, insurance, and investments.
Answer: D
Solution: Personal finance is a specialized area of study that
focuses on individual and household financial decisions, such as
budgeting, saving, spending, tax-planning, insurance, and
investments.
Format: Multiple Choice
Title: Test Bank 1.1 Personal Financial Planning
Section: Why Study Personal Financial Planning?
Learning Objective: 1.1 Describe the personal financial planning process,
and explain how the elements of a comprehensive financial plan fit
together.
Difficulty: Easy
Bloomcode:
Knowledge AACSB:
Knowledge
Expected Time to Complete: 1 minute
2. Critical to the success of building a comprehensive financial plan is that
you approach its creation in a logical order. The steps to success, in the
correct order, are as follows:
A) Secure basic needs, build and protect wealth, and establish a firm foundation.
B) Secure basic needs, establish a firm foundation, and build and protect wealth.
C) Build and protect wealth, establish a firm foundation, and secure basic needs.
D) Establish a firm foundation, secure basic needs, and build and protect wealth.
Answer: D
https://www.stuvia.com/user/nursecare
, https://www.stuvia.com/user/nursecare
Solution: Critical to the success of building a comprehensive financial
plan is that you approach its creation in a logical order. The steps to
success are: establish a firm foundation, secure basic needs, and build
and protect wealth.
Format: Multiple Choice
Title: Test Bank 1.1 Steps to a Comprehensive Financial Plan
Section: Elements of a Comprehensive Financial Plan
Learning Objective: 1.1 Describe the personal financial planning process,
and explain how the elements of a comprehensive financial plan fit
together.
Difficulty: Medium
Bloomcode:
Comprehension AACSB:
Comprehension
Expected Time to Complete: 2 minutes
3. The financial planning process includes five steps. Four of the steps are listed next:
https://www.stuvia.com/user/nursecare
