stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
EPF #EXAM Flashcards | StudBud
Explore
/
EPF #EXAM
EPF #EXAM
50 terms
·
StudBud Administration
·
175 plays
Q&A for final exam
Flashcards
50 cards
F
Practice quiz
P
Host live
L
Questions
50
Answers
1
You need updated replacement costs of each item in an inventory of your belongings?
True
False
2
A period of slow growth and high inflation is called
stagflation
inflation
depression
deflation
3
1.
An insurance company pays claims from money it gathers from_____________________
policyholders premiums
beneficiaries
claims
lottery winnings
4
You can pay your bills at an Automated Teller Machine
False
True
5
Financial goals change over time.
True
False
6
1.
A(n) _apartment has a bathroom & one large room is the living room, bedroom, & kitchen
single
1 bedroom apartment
rental
studio
7
Which of the following is
not
a common type of checking account?
Basic
Interest-bearing
Insured
Lifeline
8
What motive drives businesses to produce goods & services to meet consumer demand?
marketing
profit
supply & demand
Greed
9
Major Appliance Consumer Action Board helps resolve consumer complaints in home appliances
False
True
10
An insurance plan might consider a preexisting condition, such as cancer, to be a(n)_______
diability
excursion
reason for cancellation
exclusion
11
1.
Which characteristic of a labor force does not affect what it can and cannot produce?
Gender
Cost of living
A. Quality (education and skills)
Pay scale
12
1.
Which of the following items is
not
part of the Consumer Bill of Rights?
Right to safety
Right to be heard
Right to a healthful environment
Right to high-quality products
13
Which of the following items is
not
a goal of an estate plan?
Minimize tax liabilities
Prepare a will
Name an executor
Create an individual retirement arrangement
14
1.
Structural unemployment is
has little to do with the business cycle
tied to the business cycle
unemployment tied to seasonal employment
long-term unemployment that damages the economy
15
Structural unemployment is long-term unemployment that damages the economy
False
True
16
1.
The Patient’s Bill of Rights permits you to seek __ care out of your insurance network.
preventative
medical
primary
emergency
17
When you sign a purchase agreement, you must also give the seller a(n) _______________ check
earnest money
down payment
purchase agreement
contingency
18
Which of the following words or terms should warn you that an advertisement may be deceptive?
One-time offer
Customer support
Sale
Warranty
19
1.
Fiscal policy is an important economic indicator.
True
False
20
The most energy-efficient means of transportation is the ___________
carpool
train
bike
walking
21
Subprime credit cards are offered to
low-income individuals
students
people with a poor credit history
people with a good credit rating
22
Budgets can change weekly, daily, and monthly
True
False
23
A lease term be limited to the length of the car warranty
True
False
24
Create a(n) __to identify treatments you do/not wish to receive for terminal injury/illness.
custodial will
legal document
living will
codicil
25
What is a tax audit?
It is a form completed by a tax preparation expert.
It is a detailed examination of your tax returns by the IRS.
It is a refund issued for tax overpayment.
It is the process of completing income tax forms.
26
The government prohibits false & misleading
research
product studies
product usage
advertising
27
Unearned income includes:
tips
rental income
bonuses
commissions
28
Consumer credit play an important role in the economy
True
False
29
An insurance company arbitrarily (w/o reason) cancel your insurance
True
False
30
1.
A(n) _____________________ creates something entirely new.
entrepreneur
innovator
engineer
inventor
31
You can issue a stop payment order if
a check has already bounced
a check has not cleared your account
you want to transfer money to another account
a check has been paid
32
All publicly traded companies are required to file financial statements and documents with the
Securities & Exchange Commission (SEC)
National Credit Union Administration (NCUA)
Internal Revenue Service (IRS)
Federal Deposit Insurance Corporation (FDIC)
33
You be can forced to pay for goods & services if you have a legitimate dispute with the seller
False
True
34
1.
Which of the following is
not
a durable good?
Shoes
Refrigerator
Telescope
Mobile phone
35
Salaried workers receive overtime
False
True
36
1.
The minimum educational requirement for most jobs is ________________
GED
associate's degree
bachelor's degree
high school diploma
37
______is a state-administered health insurance program for low-income ppl & with disabilities.
Federal Disability Insurance
Medisurance
Medicare
Medicade
38
Normally, how much is overtime pay
1 1/2 times, time and a half
it's the same as regular time
triple time
double pay
39
A certificate of deposit is a liquid asset
True
False
40
Which of the following items is
not
a reason to use an online-only bank?
Free or low cost services
Higher interest rates on savings accounts
Interaction with bank employees
Convenience
41
Municipal bonds are issued by
the US government
financial institutions
corporations
state, county, and city governments
42
An apartment _____ explains the legal rights and responsibilities of tenant & property owner.
lessee
roommate agreement
mortgage
lease
43
1.
Marginal analysis measures ____.
the opportunity cost
the cost of scarce resources
the added benefit, versus added cost, of one more unit
the costs against the benefits of a decision
44
What is one of the first things The Fed will do during an economic slow down?
Increase the discount rate
Decrease the interest rate
45
Consumers Union publishes _____________, which carries ratings of tested products and services
Consumers Today
Consumers Dictionary
Consumer's Report
Consumers Digest
46
Which of the following is
not
a result of offshore outsourcing?
Advances in the manufacturing industry
Higher incomes for American workers
New technology
Job creation in American companies
47
1.
How can consumers invest in a business?
By becoming an entrepreneur
Buy bonds
Own a franchise
Buy stock
48
Mortgage loan applicants in the same area qualify for the same interest rate
False
True
49
A market order will sell a stock immediately for the best price available at the time?
True
False
50
The primary purpose for paying taxes is government operations, facilities, and services
True
False
