Devry busn380 quiz 1 latest 2015 december answer

Jun 25th, 2016
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Question (TCO 1) When a person faces a trade-off and must give up something by making a choice, this is referred to as taking out a loan. opportunity cost. the evaluation of alternatives. a decision-making process. a dilemma. Question 2. Question : (TCO 1) _____ is the ability to convert assets and financial resources into usable cash relatively easily. Bankruptcy Solvency Investing Opportunity cost Liquidity Question 3. Question : (TCO 1) The Federal Reserve has the responsibility to monitor illegal business activities. approve spending by Congress. set federal income tax rates. maintain an adequate supply of money. maintain a balanced budget for the federal government. Question 4. Question : (TCO 1) The _____ refers to stages that an individual goes through based on age, financial needs, and family situation. financial planning process financial cycle adult life cycle personal economic cycle tax planning process Question 5. Question : (TCO 1) A family spend

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Devry busn380 quiz 1 latest 2015 december answerReport this Question as InappropriateQuestion(TCO 1) When a person faces a trade-off and must give up something by making a choice, this isreferred to astaking out a loan.opportunity cost.the evaluation of alternatives.a decision-making process.a dilemma.Question 2. Question :(TCO 1) _____ is the ability to convert assets and financial resources into usable cash relativelyeasily.BankruptcySolvencyInvestingOpportunity costLiquidityQuestion 3. Question :(TCO 1) The Federal Reserve has the responsibility tomonitor illegal business activities.approve spending by Congress.set federal income tax rates.maintain an adequate supply of money.maintain a balanced budget for the federal government.Question 4. Question :(TCO 1) The _____ refers to stages that an individual goes through based on age, financialneeds, and family situation.financial planning processfinancial cycleadult life cyclepersonal economic cycletax planning processQuestion 5. Question :(TCO 1) A family spends $40,000 on living expenses. With an annual inflation rate of 3%, theycan expect to spend approximately _____ in 4 years.$45,000$41,200$42,000$43,700$46,000Question 6. Question :(TCO 1) Higher employment levels can be attributed to lower consumer prices.reduced employment levels.lower interest rates.higher employment levels.increased consumer spending.Question 7. Question :(TCO 1) The time value of money refers topers

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