Wise Test Review - 50 questions with correct answers

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 Answer Both John and Maria A factor that can cause the price of a stock to DECREASE is the company Answer lowering its expectations of future earnings. A good financial goal should Answer 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 Answer Contact the bank to find out if the check was cashed. A major reason that corporations issue stock is to Answer 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 Answer 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 Answer reduce this variable expenses. A person may need to have liquid assets when Answer there is an emergency need for cash