Show:
Making Decisions
Making Money
Budgeting
Living On Your Own
Buying a Home
100
True or False: The decision-making process starts with gathering information.
False
100
True or False: The career planning process starts with assessing your personal interests, abilities, and goals.
True
100
True or False: The budgeting process starts with monitoring current spending.
False
100
True or False: A security deposit covers the rent for the first month when moving into an apartment.
False
100
True or False: A main advantage of buying a home is pride of ownership.
True
200
True or False: Procrastination is an example of an economic influence on decision-making.
False
200
True or False: Interviewing is the final phase of the career planning process.
False
200
True or False: Most short-term goals are based on activities over the next two or three years.
False
200
True or False: A roommate may reduce the financial burden of renting an apartment.
True
200
True or False: Buying a home will usually have fewer costs than renting.
False
300
True or False: Higher interest rates result in higher costs of borrowing money.
True
300
True or False: Travel costs to work are considered to be “hidden” job costs.
True
300
True or False: Rent is considered a fixed expense.
True
300
What refers to money held to cover possible damage in an apartment?
Security Deposit
300
What is the amount of a mortgage a person can afford affected by?
His or her income
400
What is the final step of the decision-making process?
Evaluating the results
400
What is the first phase of the career planning process?
Assess personal interests and abilities
400
True or False: An example of a fixed expense is auto insurance.
True
400
True or False: A lease is designed to protect the rights of both a tenant and a landlord.
True
400
What type of mortgage has a very large final payment?
Balloon Mortgage
500
What are changes in the buying power of the dollar are measured by?
Consumer price index
500
After applying for an available position, what is usually the next step?
Interviewing
500
What is the final phase of the budgeting process?
Review Financial Progress
500
What is the agreement between a renter and a landlord?
Lease
500
What are the charges for settling a real estate transaction called?
Closing Costs