CHAPTER 2 QUESTIONS WITH
COMPETE SOLUTION
A set amount that you must pay each budget period is a(n) - Fixed expense
Before making a charitable donation, you should consider - All of the above
An emergency fund should equal 12-24 months' income - False
Shores and guests are not part a roommate agreement - False
Males lead most single-parent families - False
Keeping good records will help you stay within your budget or make adjustments - True
You should always take steps to insure your computer and online connections are secure - True
The value of an asset never changes - False
The first step to take when reducing expenses is to consider - Discretionary expenses
If you lose track of your bills, you run the risk of not paying them at all - True
Financial plans and budgets can change when you - All of the above
A written record of an individual's current financial situation is a - Net worth statement
Before you give to charity, you should research it and see how your money is used - True
Experts advise evaluating your total financial situation at least every 2 years - False
Medical bills, credit cards, and charge accounts are examples of - Current liabilities
If you have an abundance of money and assets, you are considered - Wealthy
Income records to keep include - All of the above
Financial security is the ultimate goal of managing your finances. - True
An example of a spending record to keep is - cash register receipts
When record-keeping, you should keep - All of the aboveA hset hamount hthat hyou hmust hpay heach
hbudget hperiod his ha(n) h- hFixed hexpense
Before hmaking ha hcharitable hdonation, hyou hshould hconsider h- hAll hof hthe habove
An hemergency hfund hshould hequal h12-24 hmonths' hincome h- hFalse
Shores hand hguests hare hnot hpart ha hroommate hagreement h- hFalse
COMPETE SOLUTION
A set amount that you must pay each budget period is a(n) - Fixed expense
Before making a charitable donation, you should consider - All of the above
An emergency fund should equal 12-24 months' income - False
Shores and guests are not part a roommate agreement - False
Males lead most single-parent families - False
Keeping good records will help you stay within your budget or make adjustments - True
You should always take steps to insure your computer and online connections are secure - True
The value of an asset never changes - False
The first step to take when reducing expenses is to consider - Discretionary expenses
If you lose track of your bills, you run the risk of not paying them at all - True
Financial plans and budgets can change when you - All of the above
A written record of an individual's current financial situation is a - Net worth statement
Before you give to charity, you should research it and see how your money is used - True
Experts advise evaluating your total financial situation at least every 2 years - False
Medical bills, credit cards, and charge accounts are examples of - Current liabilities
If you have an abundance of money and assets, you are considered - Wealthy
Income records to keep include - All of the above
Financial security is the ultimate goal of managing your finances. - True
An example of a spending record to keep is - cash register receipts
When record-keeping, you should keep - All of the aboveA hset hamount hthat hyou hmust hpay heach
hbudget hperiod his ha(n) h- hFixed hexpense
Before hmaking ha hcharitable hdonation, hyou hshould hconsider h- hAll hof hthe habove
An hemergency hfund hshould hequal h12-24 hmonths' hincome h- hFalse
Shores hand hguests hare hnot hpart ha hroommate hagreement h- hFalse
