TEST BANK FOR PERSONAL FINANCE, 2ND
EDITION BY VICKIE L. BAJTELSMIT |
COMPLETE EXAM PREP WITH
CALCULATIONS
written by
NurseCelestine
The Marketplace to Buy and Sell your Study Material
At Stuvia, you will find the best notes, summaries, flashcards & other study material. Search for your
school or uni and find the study material you need.
www.stuvia.com
Downloaded by: NurseCelestine | Want to earn $1.236
Distribution of this document is illegal extra per year?
, Stuvia.com - The Marketplace to Buy and Sell your Study Material
TEST BANK FOR Personal Finance, 2nd Edition
Vickie
L. Bajtelsmit
Downloaded by: NurseCelestine | Want to earn $1.236
Distribution of this document is illegal extra per year?
, Stuvia.com - The Marketplace to Buy and Sell your Study Material
Chapter 1-14
Chapter 1
To accompany Personal Finance, 2nd edition, by Vickie Bajtelsmit
Summary: 47 questions. 46 Multiple Choice | 1 Multiple Select
LO 1.1 8 17%
LO 1.2 14 30%
LO 1.3 5 11%
LO 1.4 8 17%
LO 1.5 12 26%
47
Easy 6 13%
Medium 40 85%
Hard 1 2%
47
Knowledge 6 13%
Comprehensive 18 38%
Application 17 36%
Analysis 6 13%
47
Calculations
Percentage Change Calculation #14
Percentage Change Calculation (with distractor) #15
Percentage Change Calculation (multiple yrs.) #16
Annual Percentage Change Calculation #17
Downloaded by: NurseCelestine | Want to earn $1.236
Distribution of this document is illegal extra per year?
, Stuvia.com - The Marketplace to Buy and Sell your Study Material
Fee Calculation #34
Opportunity Cost Calculation #40
1. Personal finance is a specialized area of study that focuses
A) exclusively on investments and retirement planning.
B) on financial management, household budgets, and investments.
C) exclusively on investment management and household budgets.
D) on individual and household financial decisions, such as budgeting, saving,
spending, tax planning, insurance, and investments.
Answer: D
Solution: Personal finance is a specialized area of study that focuses on
individual and household financial decisions, such as budgeting, saving,
spending, tax-planning, insurance, and investments.
Format: Multiple Choice
Title: Test Bank 1.1 Personal Financial Planning
Section: Why Study Personal Financial Planning?
Learning Objective: 1.1 Describe the personal financial planning process, and
explain how the elements of a comprehensive financial plan fit together.
Difficulty: Easy
Bloomcode: Knowledge
AACSB: Knowledge
Expected Time to Complete: 1 minute
2. Critical to the success of building a comprehensive financial plan is that you
approach its creation in a logical order. The steps to success, in the correct order,
are as follows:
A) Secure basic needs, build and protect wealth, and establish a firm foundation.
B) Secure basic needs, establish a firm foundation, and build and protect wealth.
C) Build and protect wealth, establish a firm foundation, and secure basic needs.
D) Establish a firm foundation, secure basic needs, and build and protect wealth.
Answer: D
Solution: Critical to the success of building a comprehensive financial plan is that
you approach its creation in a logical order. The steps to success are: establish a
firm foundation, secure basic needs, and build and protect wealth.
Format: Multiple Choice
Title: Test Bank 1.1 Steps to a Comprehensive Financial Plan
Section: Elements of a Comprehensive Financial Plan
Learning Objective: 1.1 Describe the personal financial planning process, and
explain how the elements of a comprehensive financial plan fit together.
Difficulty: Medium
Bloomcode: Comprehension
AACSB: Comprehension
Expected Time to Complete: 2 minutes
3. The financial planning process includes five steps. Four of the steps are listed next:
Downloaded by: NurseCelestine | Want to earn $1.236
Distribution of this document is illegal extra per year?
EDITION BY VICKIE L. BAJTELSMIT |
COMPLETE EXAM PREP WITH
CALCULATIONS
written by
NurseCelestine
The Marketplace to Buy and Sell your Study Material
At Stuvia, you will find the best notes, summaries, flashcards & other study material. Search for your
school or uni and find the study material you need.
www.stuvia.com
Downloaded by: NurseCelestine | Want to earn $1.236
Distribution of this document is illegal extra per year?
, Stuvia.com - The Marketplace to Buy and Sell your Study Material
TEST BANK FOR Personal Finance, 2nd Edition
Vickie
L. Bajtelsmit
Downloaded by: NurseCelestine | Want to earn $1.236
Distribution of this document is illegal extra per year?
, Stuvia.com - The Marketplace to Buy and Sell your Study Material
Chapter 1-14
Chapter 1
To accompany Personal Finance, 2nd edition, by Vickie Bajtelsmit
Summary: 47 questions. 46 Multiple Choice | 1 Multiple Select
LO 1.1 8 17%
LO 1.2 14 30%
LO 1.3 5 11%
LO 1.4 8 17%
LO 1.5 12 26%
47
Easy 6 13%
Medium 40 85%
Hard 1 2%
47
Knowledge 6 13%
Comprehensive 18 38%
Application 17 36%
Analysis 6 13%
47
Calculations
Percentage Change Calculation #14
Percentage Change Calculation (with distractor) #15
Percentage Change Calculation (multiple yrs.) #16
Annual Percentage Change Calculation #17
Downloaded by: NurseCelestine | Want to earn $1.236
Distribution of this document is illegal extra per year?
, Stuvia.com - The Marketplace to Buy and Sell your Study Material
Fee Calculation #34
Opportunity Cost Calculation #40
1. Personal finance is a specialized area of study that focuses
A) exclusively on investments and retirement planning.
B) on financial management, household budgets, and investments.
C) exclusively on investment management and household budgets.
D) on individual and household financial decisions, such as budgeting, saving,
spending, tax planning, insurance, and investments.
Answer: D
Solution: Personal finance is a specialized area of study that focuses on
individual and household financial decisions, such as budgeting, saving,
spending, tax-planning, insurance, and investments.
Format: Multiple Choice
Title: Test Bank 1.1 Personal Financial Planning
Section: Why Study Personal Financial Planning?
Learning Objective: 1.1 Describe the personal financial planning process, and
explain how the elements of a comprehensive financial plan fit together.
Difficulty: Easy
Bloomcode: Knowledge
AACSB: Knowledge
Expected Time to Complete: 1 minute
2. Critical to the success of building a comprehensive financial plan is that you
approach its creation in a logical order. The steps to success, in the correct order,
are as follows:
A) Secure basic needs, build and protect wealth, and establish a firm foundation.
B) Secure basic needs, establish a firm foundation, and build and protect wealth.
C) Build and protect wealth, establish a firm foundation, and secure basic needs.
D) Establish a firm foundation, secure basic needs, and build and protect wealth.
Answer: D
Solution: Critical to the success of building a comprehensive financial plan is that
you approach its creation in a logical order. The steps to success are: establish a
firm foundation, secure basic needs, and build and protect wealth.
Format: Multiple Choice
Title: Test Bank 1.1 Steps to a Comprehensive Financial Plan
Section: Elements of a Comprehensive Financial Plan
Learning Objective: 1.1 Describe the personal financial planning process, and
explain how the elements of a comprehensive financial plan fit together.
Difficulty: Medium
Bloomcode: Comprehension
AACSB: Comprehension
Expected Time to Complete: 2 minutes
3. The financial planning process includes five steps. Four of the steps are listed next:
Downloaded by: NurseCelestine | Want to earn $1.236
Distribution of this document is illegal extra per year?
