April 18, 2015

Homework Help: Personal Finance

Posted by Phoebe on Monday, May 6, 2013 at 7:01pm.

31. In order to effectively manage money, you need:
a. A computer
b. An online checking account
c. A budget
d. A high paying job
35. Which statement is not true about extended warranties?
a. Most warranties are about 50-60% commission.
b. Only 12% of the warranty covers the statistical probability of the item breaking.
c. You are better off to self-insure through your emergency fund.
d. Warranties are worth the cost.
36. What is the primary difference between allowance and commission?
a. Allowance is paid regardless of the work that gets done.
b. Commission is paid regardless of the work that gets done.
c. Allowance is more apt to teach a better work ethic.
d. All of the above

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