HSDF 183: Quiz 2.2: Income, Saving, and Expenses (Cash Flow Management)
Goal based saving can be used to save for which of the following?
life event, large purchases, something fun
Purchasing a possession is more likely to improve a person's well-being than buying an experience.
f
Rent on an apartment or a mortgage payment are examples of periodic expenses.
f
The only type of obligations someone might be responsible to pay are debt payments.
f
Unit pricing labels are designed to make it very easy for consumers to read unit prices for a product.
f
Unit pricing labels are fairly universal among retailers making it easy to compare prices.
f
Unit pricing makes it more difficult to compare prices.
f
Fixed expenses are always paid at the same time every period but can vary in amount.
f
A key to your spending plan is that it accurately reflects your spending and expenses.
t
A law on universal, standardized unit pricing labels would help consumers compare prices.
t
A person can earn a lot of money and still feel financially insecure.
t
For greater happiness, some research suggests that it really is better to give, like donating money to a food bank, rather than spending it on yourself.
t
Groceries and utility bills are examples of variable expenses.
t
If a college student only works during the summer and Winter break, then the type of income earned is seasonal.
t
According to research on happiness and money, which purchase will have a greater likelihood of bringing happiness to the person making the purchase?
take a vacation
