everfi end tests questions with complete solutions 2023

everfi end tests questions with complete solutions 2023a phone which of the following would be considered a want rather than a need for most people: a place to live, warm clothes, a phone, food the trade off of making one choice and giving up a different choice what is an opportunity cost 00:42 01:11 an independent consumer education website that reviews and rates computers where should you look if you want to buy a computer for the fairest and most reliable information all income and expenses what should you include for a budget of a business monthly cost of eating at restaurants which of the following is a variable expense for many adults: monthly rent payment, monthly car payment, monthly health insurance payment, monthly cost of eating at restaurants cable services which expense isn't a need: car insurance, rent payment, groceries, cable service compare the prices of the two brands if you know the unit prices of two different brands of an item, what are you better able to the time you could have spent doing something else you received $50 as a birthday gift and chose to spend it on new wallpaper. what is the opportunity cost: other items you could have bought, the price, the time you could have spent doing something else once a budget is set it shouldn't be revisited which of the following is not true of a budget: budgets include both income and expenses, once a budget is set it shouldn't be revisited, a budget can include charitable giving, budgets help you plan how to spend money you earn or receive pay with a credit card if you have a hard time sticking to a budget what is not a successful budgeting strategy: buy your needs first, pay with a credit card if you have a hard time sticking to a budget, keep some extra money, revisit your budget regularly salary what is usually paid on a biweekly or monthly basis for professional employment keeping track of how much you have spent is simple why is paying with cash a good option 00:02 01:11 your history of making payments on time what is the biggest factor on a credit score pay the full balance each month what is the best strategy to avoid paying interest on your credit cards student loan payment which of the following is not a source of income: student loan payment, wages, salary, stipend they have high fees and high interest rates why is it harder to pay back payday loans