Health Insurance because his broken arm doesn't mean he's disabled, he isn't at a risk of dying so he doesn't need life insurance, and home owning has nothing to do with breaking you arm.
Question 1 (1 point) Jessica will earn a 5% bonus if she arrives to work on time every day her entire first year of work. One could say that Jessica has a(n) ____ to arrive to work on time.
positive incentive
Question 2 (1 point) After using a rational decision making model, Clarence come to the conclusion that option A has more costs than option B. In order to make a rational decision Clarence should decide on which option?
B
Question 3 (1 point) A non-profit financial institution in which the members own the business is known as a ____.
credit union
Question 4 (1 point) Bank L offers lower interest rates on loans than Bank H. Which of the following is the most likely reason for the varied interest rates?
Bank L is trying to attract more customers by offering a lower loan interest rate.
Question 5 (1 point) Usually, the higher the risk involved in the investment, the ____ the potential returns.
higher
Question 6 (1 point) Margaret loans her money to a corporation with the promise of being paid back her loan amount plus interest in three years. Margaret most likely invested in a ____.
bond
Question 7 (1 point) Billy puts his money in an investment option that has high risk, but also the potential for a large return. He gets a dividend check every January from this investment. Billy has most likely invested in a(n) ____.
stock
Question 8 (1 point) An advantage to investing in a mutual fund is ____.
a loss in one stock means only a partial loss of the entire investment.
Question 9 (1 point) A sales tax is considered a regressive tax because ____.
it taxes lower income families more than higher income families
Question 10 (1 point) Marsha has a credit card and every month she charges $200, but only makes a $50 payment. Every month, the amount of interest that she is paying continues to grow. Marsha’s card most likely has ____ interest.
compound
Question 11 (1 point) Taylor is in a car accident and must have a cast put on his broken arm. The doctor tells him to return to work in two days. Which of the following would be the MOST helpful for Taylor?
health insurance
Question 12 (1 point) The cost of an insurance policy is known as the ----.
premium
Question 13 (1 point) Kimberly hits a mail box while texting and driving. Her vehicle is damaged and needs to be repaired. Before the insurance company will pay for the damages, Kimberly has to pay $250. The $250 is Kimberly’s ----.
deductible
Question 14 (1 point) Which of the following could hurt your credit score?
Never making a payment on a loan.
Question 15 (1 point) A company decides to invest in training for their workers. Which of the following would NOT be a reason that the company decided to take this step?
The company wants to spend money and take time away from production to train.
Question 16 (1 point) Rebecca is 24 years old and currently has automobile insurance with a $2000 deductible, but low monthly payment. What could Rebecca do if she wanted a lower deductible?
ask for a higher premium
Question 17 (1 point) The table above shows the 2010 income tax brackets. Which kind of tax is best demonstrated by the table?
progressive tax
Question 18 (1 point) Jesse is personable and hardworking, but is unable to calculate basic math problems. One would say that Jesse lacks ____ skills necessary for the workplace.
basic mathematics
Question 19 (1 point) Based on the graph, which of these statements is TRUE?
Money in stocks have both high risk and high potential return.
Question 20 (1 point) One thing people pay for when they pay property tax is
improvements to land.
ALL ANSWERS 100% CORRECT.
