1. What is an entrepreneur? (1 point)
a sole proprietorship
a corporation
one who opens a new business
a bank that loans money
2. Which of the following is the best definition of probable operating costs? (1 point)
Amount of money required to start a business
Amount of money required to market a business
Amount of money required to purchase business equipment
Amount of money required to keep a business running
3. What may be offered to clients when banks find the risk too high? (1 point)
Proprietary money
Private money
Personal money
Partnership money
4. Which of the following is a start-up cost associated with opening a business? (1 point)
Equipment
Legal fees/Licensing
Insurance
All of the above
5. What is a term used widely among real estate investors to refer to non-traditional means of real estate financing, or financing techniques not commonly used? (1 point)
Common financing
Capital financing
Leverage financing
Creative financing
6. What does "OPM" stand for in leveraging OPM? (1 point)
Organizational profit management
Other profit means
Other people's money
Organizational profit marketing
7. Generally, a loan obtained from a bank will be a loan. (1 point)
Taxed
Term
Variable
Collateral-free
8. Which of the following is not a type of retail bank? (1 point)
Bond bank
Private bank
Offshore bank
Ethical bank
9. What type of banks were traditionally banks which engaged in trade financing? (1 point)
Private
Merchant
Ethical
Offshore
10. Which of the following is an example of an unsecured bank loan? (1 point)
Credit card debt
Bank overdrafts
Corporate bonds
All of the above
1. C
2. D
3. B
4. D
5. D
6. C
7. B
8. A
9. B
10. D
1. C
2. D
3. B
4. D.
5. D
6. Not sure. C maybe?
7. B
8. D? Not 100%
9. B
10. B.
8 was A - Bond Bank
10 was D - All of the Above
Personal finace final exam
1.a
2.c
3.d
4.b
5.b
6.d
7.b
8.c
9.c
10.d
11.c
12.b
13.d
14.b
15.b
16.a
17.b
18.c
19.b
20.c
21.b
22.a
23.d
24.a
25.b
26.c
27.a
28.c
29.b
30.c
31.b
32.c
33.a
34.a
35.a
36.a
37.b
38.b
39.c
40.d
41.d
42.b
43.a
44.b
45.c
46.b
47.c
48.d
49.d
50.d
It scares me to not know if your telling the truth or not
G_kingdom is 100%
Katie is 100% correct I just took the test and got a 100% on it thank you sm Katie
1. C
2. D
3. B
4. D
5. D
6. C
7. B
8. A
9. B
10. D
Just took the test and got a 100%
You have done a great job with your answers.
6 is C, and 8 is D, all the rest are correct. Just check these two...
Double check that your textbook supports 5 as D.
And Double check that your textbook supports 10 as B, as a credit card debt is considered an unsecured bank loan (because of the high rate of interest).