Marginal analysis A) only considers costs that vary with the relevant decision. B) considers all historical costs. C) only considers some historical costs. D) considers all past and future costs. ANSWER A
Date: September 19th, 2020
Concerning an adjustable rate loan, which of statements is false? A) Lenders are required to describe circumstances that will lead to rate changes. B) Lenders are required to provide examples of the payment changes that may occur. C) The APR will reflect the interest payments you will actually incur over the life of the mortgage. […]
Date: September 19th, 2020
The primary problem with the NPV technique of capital budgeting is: A) that many people without a background in financial theory may not understand it. B) that there is no adjustments for risk. C) an unclear decision rule. D) the fact that it ignores the time value of money. E) that it uses unorthodox time […]
Date: September 19th, 2020
“Marketable title” exists when A) the home is reasonably priced. B) there are several claims on the title. C) the title is free from all claims by third parties. D) you list the home with a real estate agent. ANSWER C
Date: September 19th, 2020
The standard deduction for married couples filing jointly is A) equal to that of single filers. B) twice that of single filers. C) more than twice that of single filers. D) more than single filers, but less than twice that of single filers. ANSWER B
Date: September 19th, 2020
The tax law allows additional standard deduction amounts A) only for impaired vision. B) for alimony payments. C) for both impaired vision and age 65 or older. D) for second homes. ANSWER C
Date: September 19th, 2020
Title insurance protects you from A) claims on your home to enforce payment on your personal debts. B) loss of title due to fire or water damage. C) previous claims on the title. D) recall on the home mortgage. ANSWER C
Date: September 19th, 2020
The standard deduction is smallest for A) married couples filing jointly. B) those filing as a head of household. C) single filers. D) those over age 65. ANSWER C
Date: September 19th, 2020
A title search is conducted A) at the closing. B) before the closing but after the offer to purchase. C) before the offer to purchase. D) after the closing. ANSWER B
Date: September 19th, 2020
Financial success is defined in the text as A) achieving a net worth of $1,000,000 or more. B) maximizing our resource outputs while minimizing our labor risk inputs. C) obtaining maximum benefits from our financial resources. D) happinessthe happier we are, the greater our financial success. ANSWER C
Date: September 19th, 2020
