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Financial Management Flashcards | StudBud
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Financial Management
Financial Management
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Questions
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Answers
1
? pull money straight out of your funds, ? charge your account which can be paid off later.
Savings, Checking
Credit, Debit
Checking, Savings
Debit, Credit
2
Which of the following is NOT a form of money management?
Creating a personal budget
Organizing your coins and dollar bills
Investing in stocks
Creating a savings account
3
Rent is considered a "fixed" variable.
True
False
4
Which of the following is NOT a signal you may need to revise your budget?
Going to the movies with friends
Get married
Want to move out of parents house
Economic recession
5
The level of education you have received falls under which factor?
Needs
Life Cycle Variation
Buymanship
Resources
6
Which of the following ways can you manage your budget with regards to time?
Weekly
Yearly
Monthly
All of the Above
7
Saving to buy a house is considered an intermediate goal?
False
True
8
Which of the following is an example of a short term savings goal?
Going on vacation
Buying groceries
Buying a new computer
Buying a car
9
Which of the following is NOT an example of a stage in "Life Cycle Variation"?
Growing Family
Retired
Divorced
Single
10
Which of the following is NOT one of the five factors that influence use of income?
Age
Needs
Buymanship
Goals
11
Something that is characterized as a "something you desire to have" is considered what?
Need
Neither A or B
Both A & B
Want
12
Going on a vacation is considered an intermediate savings goal.
True
False
13
What are the two main categories on a budget sheet?
Inflow and Outflow
Income and Expense
Gains and Losses
Revenue and Costs
14
Variable cost is something that never changes in value.
False
True
15
When creating a goal which of following characteristics should it follow?
Timely
All the Above
Specfic
Realistic
16
What is another phrase used for "Buymanship"?
Online Shopping
Shopping Spree
Comparison Shopping
Bargain Shopper
17
Which of the following is NOT an example of an income?
Check as a birthday gift
Financial Aid
Salary
Rent
