question
Integrity
answer
Having to do with a person's honesty and moral attributes
question
Consignment shop
answer
Retail store where people sell items and the owner of the shop gets a percentage of the sale
question
Walk-Away Power
answer
The ability to walk away from a purchase when negotiating
question
Foreclosure
answer
Process by which the holder of a mortgage sells the property of a homeowner who has not made interest and/or principal payments on time as stipulated in the mortgage contract
question
Auction
answer
A public sale in which property or items of merchandise are sold to the highest bidder
question
Cost-Benefit Analysis
answer
The process of quantifying costs and benefits of a decision
question
Markup
answer
The difference between the wholesale price and retail price
question
Estate Sale
answer
Type of yard sale with more items, usually the entire contents of a household
question
Negotiate
answer
To bargain for a lower price
question
True
answer
Using cash gives you more bargaining power than using credit
question
True
answer
Being married (or emotionally attached) to a purchase will cause you to lose bargaining power
question
B) Being first in line for a new product
answer
Getting the best deal on a purchase involves doing all of the following except:
question
C) Mall
answer
Which of the following is typically not a good place to find a deal?
question
D) All of the above (Cash is visual, emotional, and has immediacy)
answer
Which of the following describes why using cash is a great bargaining tool?
question
Portfolio
answer
A list of your investments
question
Liquidity
answer
Quality of an asset that permits it to be converted quickly into cash without loss of value; availability of money
question
Share
answer
A piece of ownership in a company, mutual fund or other investment
question
401(k)
answer
A retirement savings plan offered by a corporation to its employees; the employee contributes money from his/her gross pay, and the money grows tax deferred
question
Investment
answer
Account or arrangement in which one would put their money for long-term growth
question
Risk
answer
Degree of uncertainty of return on an asset
question
Mutual Fund
answer
Pool of money managed by an investment company and invested in multiple companies
question
IRA
answer
Tax-deferred arrangement for individuals with earned income; individual retirement arrangement
question
False
answer
A single stock would be a good place to keep your emergency fund
question
True
answer
Diversification lowers risk with investing
question
D) Growth, growth and income, international, aggressive growth
answer
Long-term investments properly diversified include the following mutual funds:
question
D) Mutual Funds
answer
Which of the following is a good investment option?
question
D) Both a and b (The less liquid the investment, the less return; The more liquid an investment, the more return)
answer
Which statement(s) is true about liquidity?
Order an Essay Now & Get These Features For Free:
Turnitin Report
Formatting
Title Page
Citation
Outline
