BUSN 380 BUSN380 BUSN/380 ENTIRE COURSE HELP – DEVRY UNIVERSITY
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BUSN 380 BUSN380 BUSN/380 ENTIRE COURSE HELP – DEVRY UNIVERSITY
BUSN 380 Final Exam Guide (New)
BUSN 380 Week 1 Problem Set 1
BUSN 380 Week 1 Quiz Set 1
BUSN 380 Week 1 Quiz Set 2
BUSN 380 Week 2 Problem Set 2
BUSN 380 Week 2 Quiz Set 1
BUSN 380 Week 2 Quiz Set 2
BUSN 380 Week 3 Problem Set 3
BUSN 380 Week 3 Quiz Set 1
BUSN 380 Week 3 Quiz Set 2
BUSN 380 Week 3 Quiz Set 3
BUSN 380 Week 4 Assignment Project 1 Job Search and Personal Budget (2 Projects)
BUSN 380 Week 4 Problem Set 4
BUSN 380 Week 4 Quiz Set 1
BUSN 380 Week 4 Quiz Set 2
BUSN 380 Week 4 Quiz Set 3
BUSN 380 Week 5 Problem Set 5
BUSN 380 Week 5 Quiz
BUSN 380 Week 5 You Decide Potential Purchase Of A Home (2 Papers)
BUSN 380 Week 6 Assignment Project 2 Car Buying (2 Projects)
BUSN 380 Week 6 Problem Set 6
BUSN 380 Week 6 Quiz
BUSN 380 Week 7 Problem Set 7
BUSN 380 Week 7 Quiz
Description
BUSN 380 BUSN380 BUSN/380 ENTIRE COURSE HELP – DEVRY UNIVERSITY
BUSN 380 Final Exam Guide (New)
BUSN 380 Week 1 Problem Set 1
BUSN 380 Week 1 Quiz Set 1
BUSN 380 Week 1 Quiz Set 2
BUSN 380 Week 2 Problem Set 2
BUSN 380 Week 2 Quiz Set 1
BUSN 380 Week 2 Quiz Set 2
BUSN 380 Week 3 Problem Set 3
BUSN 380 Week 3 Quiz Set 1
BUSN 380 Week 3 Quiz Set 2
BUSN 380 Week 3 Quiz Set 3
BUSN 380 Week 4 Assignment Project 1 Job Search and Personal Budget (2 Projects)
BUSN 380 Week 4 Problem Set 4
BUSN 380 Week 4 Quiz Set 1
BUSN 380 Week 4 Quiz Set 2
BUSN 380 Week 4 Quiz Set 3
BUSN 380 Week 5 Problem Set 5
BUSN 380 Week 5 Quiz
BUSN 380 Week 5 You Decide Potential Purchase Of A Home (2 Papers)
BUSN 380 Week 6 Assignment Project 2 Car Buying (2 Projects)
BUSN 380 Week 6 Problem Set 6
BUSN 380 Week 6 Quiz
BUSN 380 Week 7 Problem Set 7
BUSN 380 Week 7 Quiz
BUSN 380 BUSN380 BUSN/380 ENTIRE COURSE HELP – DEVRY UNIVERSITY
BUSN 380 Final Exam Guide (New)
The Final Exam consists of 45 multiple choice questions worth 4 points each and 6 short answer questions worth 10 points each.
Question 1.1 After a lengthy job search, Judy Smith has found a place of employment; however, it is demanding and she is required to work long hours during the week and even on weekends, leaving little time for outside interests. Her decision to work at this job is an example of (Points :
Question 2.2. (TCO 1) Marinda Smart is interested in purchasing new appliances for her kitchen that collectively will cost her approximately $5,000. She knows that she could obtain financing for her purchase, but recently heard rumors that there may be layoffs where she works and is concerned about her employment. What type of risk is Marinda concerned about? (Points : 4)
Question 3.3. (TCO 1) Which step in the financial planning process is demonstrated by a situation in which Royanne decides to stop traveling through Europe and return back to the States to seek a part-time job and take smaller, less costly trips? (Points : 4)
Question 4.4. (TCO 1) When retirement contributions made on your behalf where you work fully belong to you even if you leave the company, this is called the point of (Points : 4)
Question 5.5. (TCO 1) Tracey has been unemployed for almost a year. However, after extensive research, she has found that the industry in which she would like to work will begin to experience job growth in California. This is an example of _____ influencing jobs in the future. (Points : 4)
Question 6.6. (TCO 1) This month, Ken Grossman has cash inflows of $3,500 and cash outflows of $2,350, resulting in a (Points : 4)
Question 7.7. (TCO 1) Sherry O’Neal is interested in opening a savings account and her bank offers several types. Her main concern is that she wants to have the ability to withdraw her money whenever she wants. She has an interest in opening an account that is best categorized as (Points : 4)
Question 8.8. (TCO 1) An example of _____ is a situation in which you would use a software program to help track your spending each week. (Points : 4)
Question 9.9. (TCO 2) An example of _____ would involve a situation in which Judy Smith and Tom Smith each write their daughter a check for $12,500 for graduation, instead of giving her one $25,000 check, so they will not have to pay a gift tax. (Points : 4)
Question 10.10. (TCO 2) A _____ is an employer-sponsored program that allows a taxpayer to cover medical and child care costs. (Points : 4)
Question 11.11. (TCO 2) The Federal Deposit Insurance Corporation insures deposits up to $250,000 per person per financial institution. Joyce has $198,000 in an individual account and $404,000 in a joint account with her husband, Dan. How much of Joyce’s money is not covered by FDIC insurance? (Points : 4)
Question 12.12. (TCO 2) The most liquid type of account would be a (Points : 4)
Question 13.13. (TCO 3) All of the following are examples of closed-end credit except a(n) (Points : 4)
Question 14.14. (TCO 3) If a bank is attempting to evaluate the trade-in value of a 2006 SUV when Anna McFarland is applying for a used car loan, the bank is examining which of the five Cs? (Points : 4)
Question 15.15. (TCO 3) An example of a credit bureau would be (Points : 4)
Question 16.16. (TCO 3) A _____ would require that Jessica writes a check for $125 in order to obtain a loan for $100. (Points : 4)
Question 17.17. (TCO 3) If Anthony Fontain makes a decision to accept a variable-rate loan instead of a fixed-rate loan, he is _____ with the lender and reducing the lender’s risk. (Points : 4)
Question 18.18. (TCO 3) _____ is/are the primary reason(s) why consumers default on their debts. (Points : 4)
Question 19.19. (TCO 5) All of the following statements are true except which? (Points : 4)
Question 20.20. (TCO 5) If Chris is considering an investment in a pool that is managed by professional managers, most likely he is interested in investing in (Points : 4)
Question 21.21. (TCO 5) All of the following statements are false except (Points : 4)
Question 22.22. (TCO 5) _____ involves the analysis of charts and historical data in order to make stock purchasing decisions. (Points : 4)
Question 23.23. (TCO 5) A(n) _____ market is one in which previously issued financial securities are traded among investors. (Points : 4)
Question 24.24. (TCO 5) Last year, High-Tech Electronics earned $1.50 per share. If the current market value for a share of stock is $60, what is the firm’s P/E ratio? (Points : 4)
Question 25.25. (TCO 5) Scott Turner has a bond with 10 years to maturity, a face value of $1,000, an 8% interest rate, and a market price of $800. What is the yield to maturity on this bond? (Points : 4)
Question 26.26. (TCO 5) An example of a junk bond is a(n) (Points : 4)
Question 27.27. (TCO 5) What is the current yield for a $1,000 corporate bond that pays 9% and has a current market value of $825? (Points : 4)
Question 28.28. (TCO 3) Lori Walker purchased a new car 9 months ago, and decides to take it in for servicing under the warranty. Lori is involved in which step of the purchasing process? (Points : 4)
Question 29.29. (TCO 1) If Bradley Smith gives a cashier a document at a point of purchase with the expectation of obtaining a discount, he is using a (Points : 4)
Question 30.30. (TCO 3) A credit purchase with 24 monthly payments of $80 and a down payment of $125 would have a total cost of (Points : 4)
Question 31.31. (TCO 3) The _____ is considered to be the assessed value of your home. (Points : 4)
Question 32.32. (TCO 4) Your home insurance policy has a $250 deductible. If hail causes $1,500 damage to your home, what amount of the claim would the insurance company pay? (Points : 4)
Question 33.33. (TCO 4) John Brown owns a home in Oakland, California and because of the risk of earthquakes, he decides to purchase _____ to cover potential losses. (Points : 4)
Question 34.34. (TCO 4) Martina has a policy that includes a $500 deductible and a coinsurance provision requiring her to pay 10% thereafter. Her medical bills total $5,500. What amount is she required to pay personally? (Points : 4)
Question 35.35. (TCO 4) _____ is a healthcare institution that directly contracts with specific medical care specialists in order to provide healthcare services in exchange for a fixed, prepaid monthly premium. (Points : 4)
Question 36.36. (TCO 4) If Mary Lou applies for a life insurance policy and lies about her age, a _____ provision will state that her benefits will be what her premium would have bought if she had been truthful about her age. (Points : 4)
Question 37.37. (TCO 4) If Frank has a term life insurance policy that is _____, this means that he can obtain additional years of protection at the end of the initial term without the need for a medical examination. (Points : 4)
Question 38.38. (TCO 6) The Capitalist Mutual Fund’s net asset value is $27.25. The fund has liabilities of $1.4 million and 1,600,000 shares have been issued. What is the value of the fund’s portfolio? (Points : 4)
Question 39.39. (TCO 6) Tracey Patterson would need to purchase a(n) _____ if she desires federally tax-exempt income. (Points : 4)
Question 40.40. (TCO 6) A benefit associated with an investment in a real estate limited partnership is that the investor (Points : 4)
Question 41.41. (TCO 6) Judith recently inherited several pieces of diamond jewelry from her aunt. This jewelry is an example of (Points : 4)
Question 42.42. (TCO 6) If Jeremiah’s employer makes nontaxable contributions to a plan in his name and his salary is reduced by the same amount, Jeremiah has a (Points : 4)
Question 43.43. (TCO 6) Chuck owns a home worth $140,000, a car valued at $30,000, and miscellaneous assets worth $7,500. He owes $75,000 on the home and $12,000 on the car, and has no other debts. His retirement account, in which he is fully vested, contains $17,500 in mutual funds. He is insured with a $250,000 term life insurance policy. What is his net worth? (Points : 4)
Question 44.44. (TCO 7) The benefits of establishing a trust include the fact that (Points : 4)
Question 45.45. (TCO 7) If Barry has been named by Anderson to distribute his assets as outlined in his will and pay outstanding obligations, Barry will serve as a(n) (Points : 4)
1. (TCO 1) Suppose Debra Betts has presented you with the following information: She currently possesses a checking account with a balance of $850, a savings account with a balance of $3,000, a credit card balance of $300, jewelry worth $600, real estate valued at $75,000, and a mortgage on the real estate of $66,000. What is the total of Debra’s assets and how could she increase her net worth? (Points : 10)
2. (TCO 2) What is the difference between a short-term capital gain and a long-term capital gain? (Points : 10)
3. (TCO 3) Carla Brown wants to know what price home she can afford. Her annual gross income is $45,000. She owes $1,050 per month on other debts and expects her property taxes and homeowners insurance to cost $250 per month. She knows she can get a 5.0%, 30-year mortgage, so her mortgage payment factor is 5.37. She expects to make a 20% down payment. What is Michelle’s affordable home purchase price? Assume a lender will use a 38% monthly gross income guideline. Round your answer to the nearest $100. (Points : 10)
4. (TCO 3) Identify two or three sources of consumer credit and discuss the advantages and
disadvantages of each type selected. (Points : 10)
5. (TCO 5) Select two or three investment alternatives and describe how the influential factors of safety, risk, income, growth, and liquidity affect each investment alternative. (Points : 10)
6. (TCO 7) What is a will? Identify the primary types of wills. What are the ramifications of not having a will? (Points : 10)
BUSN 380 BUSN380 BUSN/380 ENTIRE COURSE HELP – DEVRY UNIVERSITY
BUSN 380 Week 1 Problem Set 1
BUSN 380 BUSN380 BUSN/380 ENTIRE COURSE HELP – DEVRY UNIVERSITY
BUSN 380 Week 1 Quiz Set 1
Question 1. Question : (TCO 1) When a person faces a trade-off and must give up something by making a choice,
this is referred to as
taking out a loan.
opportunity cost.
the evaluation of alternatives.
a decision-making process.
a dilemma.
Question 2. Question : (TCO 1) In financial planning, a major activity component involves the
allocation of current resources for spending.
evaluation of investment alternatives.
evaluation of one’s career.
selection of insurance coverage.
establishment of credit.
Question 3. Question : (TCO 1) The Federal Reserve has the responsibility to
monitor illegal business activities.
approve spending by Congress.
set federal income tax rates.
maintain an adequate supply of money.
maintain a balanced budget for the federal government.
Question 4. Question : (TCO 1) Loan risk can increase with _____.
constant interest rates
a short time to maturity
lower consumer prices
rising consumer prices
a good credit rating
Question 5. Question : (TCO 1) The future value of an account in which $2,000 is deposited each year for 5
years, and which earns 4%, is approximately _____ after 5 years.
$2,000
$2,400
$10,000
$400
$10,800
Question 6. Question : (TCO 1) Higher employment levels can be attributed to
lower consumer prices.
reduced employment levels.
lower interest rates.
higher employment levels.
increased consumer spending.
Question 7. Question : (TCO 1) When it comes to the financial planning process, the first step is to
develop financial goals.
implement the financial plan.
evaluate and revise your actions.
analyze your current personal and financial situation.
create a financial plan of action.
Question 8. Question : (TCO 1) If a person wants to determine the current value of a desired amount for the
future, the following computation would be used.
Simple interest
Present value of a single amount
Future value of a series of deposits
Future value of a single amount
Present value of a series of deposits
Question 9. Question : (TCO 1) Which goal below would be the easiest to implement and measure in terms of
accomplishment?
“Reduce our debt payments.”
Save $100 a month to create a $4,000 emergency fund.”
“Save funds for an annual vacation.”
“Invest $2,000 a year for retirement.”
Question 10. Question : (TCO 1) _____ risk refers to the changing cost of money.
Monetary
Inflation
Economic
Personal
Interest rate
Question 11. Question : (TCO 1) Calculating future value investing problems involves the process of
discounting.
add-on interest.
adding simple interest.
compounding.
an annuity.
Question 12. Question : (TCO 1) Barb Hotchkins is in the 28% tax bracket. A tax-exempt employee benefit with a
value of $600 would have a tax-equivalent value of
$678.
$628.
$833.
$300.
$168.
Question 13. Question : (TCO 1) Personal financial statements would include
budget and credit card statements.
income tax forms and a cash flow statement.
a checkbook and a budget.
a balance sheet and a cash flow statement.
a bank statement and a savings passbook.
Question 14. Question : (TCO 1) When a person demonstrates efficient work habits in the workplace, this is referred to as
an employee’s initiative.
continuing education.
dedication.
cooperative education.
a visionary outlook.
Question 15. Question : (TCO 1) In the career planning process, after identifying specific job opportunities, a
person should
assess interests, abilities, and goals.
evaluate job offers.
plan for career growth.
evaluate the job market.
develop a résumé and cover letter.
Question 16. Question : (TCO 1) Which of the following would be a competency commonly associated with successful people?
An ability to work well with others in a variety of settings
A desire to do tasks better than they have to be done
An ability to solve problems creatively in team settings
Well-developed written and oral communication skills
All of the above
Question 17. Question : (TCO 1) A family with $66,000 in assets and $52,000 of liabilities would have a net worth of
$66,000.
$52,000.
$118,000.
$14,000.
$41,000.
Question 18. Question : (TCO 1) Personal balance sheets can be used to analyze
future income and expenses.
the net worth of an organization.
the cash flow of an individual or a family.
debt payment activities.
what an individual or family owes and owns.
Question 19. Question : (TCO 1) When a person’s actual expenses are less than planned expenses, this means that a person or family has a _____.
budget deficit.
negative net worth
budget surplus
positive net worth
net income
Question 20. Question : (TCO 1) If a person has a payment that does not vary from month to month, then this type
of payment is _____.
semivariable
current
variable
fixed
budgeted
BUSN 380 BUSN380 BUSN/380 ENTIRE COURSE HELP – DEVRY UNIVERSITY
BUSN 380 Week 1 Quiz Set 2
The danger of lost buying power during times of rising prices is referred to as
inflation risk.
economic risk.
personal risk.
interest-rate risk.
money risk.
Question 2.2. (TCO 1) When bankruptcy is experienced, this can be the result of poor decisions in the
_____ component of financial planning.
sharing
saving
borrowing
lending
protecting
Question 3.3. (TCO 1) The Federal Reserve has the responsibility to
monitor illegal business activities.
approve spending by Congress.
set federal income tax rates.
maintain an adequate supply of money.
maintain a balanced budget for the federal government.
Question 4.4. (TCO 1) The _____ refers to stages that an individual goes through based on age,
financial needs, and family situation.
financial planning process
financial cycle
adult life cycle
personal economic cycle
tax planning process
Question 5.5. (TCO 1) The future value of an account in which $2,000 is deposited each year for 5
years, and which earns 4%, is approximately _____ after 5 years.
$2,000
$2,400
$10,000
$400
$10,800
Question 6.6. (TCO 1) Personal financial planning has a main goal of
reducing a person’s tax liability.
saving and investing for future needs.
spending to achieve financial objectives.
saving, spending, and borrowing based on current needs.
achieving personal economic satisfaction.
Question 7.7. (TCO 1) When it comes to the financial planning process, the first step is to
develop financial goals.
implement the financial plan.
evaluate and revise your actions.
analyze your current personal and financial situation.
create a financial plan of action.
Question 8.8. (TCO 1) If a person wants to determine the current value of a desired amount for the
future, the following computation would be used.
Simple interest
Present value of a single amount
Future value of a series of deposits
Future value of a single amount
Present value of a series of deposits
Question 9.9. (TCO 1) Which goal below would be the easiest to implement and measure in terms of
accomplishment?
“Reduce our debt payments.”
Save $100 a month to create a $4,000 emergency fund.”
“Save funds for an annual vacation.”
“Invest $2,000 a year for retirement.”
Question 10.10. (TCO 1) _____ risk refers to the changing cost of money.
Monetary
Inflation
Economic
Personal
Interest rate
Question 11.11. (TCO 1) You want to determine the current value of an annuity that pays $350 a month
for the next 5 years. What type of calculation would provide you with this value?
Future value of a single amount
Simple interest
Present value of a single amount
Future value of a series of deposits
Present value of a series of deposits
Question 12.12. (TCO 1) Barb Hotchkins is in the 28% tax bracket. A tax-exempt employee benefit with a
value of $600 would have a tax-equivalent value of
$678.
$628.
$833.
$300.
$168.
Question 13.13. (TCO 1) Personal financial statements would include
budget and credit card statements.
income tax forms and a cash flow statement.
a checkbook and a budget.
a balance sheet and a cash flow statement.
a bank statement and a savings passbook.
Question 14.14. (TCO 1) A _____ résumé would best be used by an employee who has worked in many
fields and has a variety of skills in a variety of work-related categories.
targeted
goal-oriented
chronological
functional
career change
Question 15.15. (TCO 1) A _____ résumé is designed to obtain a specific job.
functional
chronological
goal-oriented
targeted
data
Question 16.16. (TCO 1) Which of the following would be a competency commonly associated with
successful people?
An ability to work well with others in a variety of settings
A desire to do tasks better than they have to be done
An ability to solve problems creatively in team settings
Well-developed written and oral communication skills
All of the above
Question 17.17. (TCO 1) The distinction between current liabilities and long-term liabilities can be made
based upon the
amount owed.
due date of the debt.
interest rate charged.
financial situation of the creditor.
current economic conditions.
Question 18.18. (TCO 1) Personal balance sheets can be used to analyze
future income and expenses.
the net worth of an organization.
the cash flow of an individual or a family.
debt payment activities.
what an individual or family owes and owns.
Question 19.19. (TCO 1) When a person’s actual expenses are less than planned expenses, this means that
a person or family has a _____.
budget deficit.
negative net worth
budget surplus
positive net worth
net income
Question 20.20. (TCO 1) An example of a variable expense would be
rent.
an installment loan payment.
a monthly parking fee.
a mortgage note payment.
a telephone bill.
BUSN 380 BUSN380 BUSN/380 ENTIRE COURSE HELP – DEVRY UNIVERSITY
BUSN 380 Week 2 Problem Set 2
BUSN 380 BUSN380 BUSN/380 ENTIRE COURSE HELP – DEVRY UNIVERSITY
BUSN 380 Week 2 Quiz Set 1
BUSN 380 BUSN380 BUSN/380 ENTIRE COURSE HELP – DEVRY UNIVERSITY
BUSN 380 Week 2 Quiz Set 2
BUSN 380 BUSN380 BUSN/380 ENTIRE COURSE HELP – DEVRY UNIVERSITY
BUSN 380 Week 3 Problem Set 3
BUSN 380 BUSN380 BUSN/380 ENTIRE COURSE HELP – DEVRY UNIVERSITY
BUSN 380 Week 3 Quiz Set 1
BUSN 380 BUSN380 BUSN/380 ENTIRE COURSE HELP – DEVRY UNIVERSITY
BUSN 380 Week 3 Quiz Set 2
1. (TCO 3) _____ is a good example of a closed-end credit.
A credit card issued by a department store
A credit card issued by VISA or MasterCard
A mortgage loan
Using a cashier’s check to pay for a purchase
Using overdraft protection at a bank
Question 2. 2. (TCO 3) A creditor may set a maximum amount of credit that a person is allowed, and this is called a(n)
revolving credit.
line of credit.
convenience credit.
installment cash credit.
single lump-sum credit.
Question 3. 3. (TCO 3) If your monthly net (after-tax) income is $2,200, what should be your maximum amount spent on credit payments?
$150
$220
$440
$500
$660
Question 4. 4. (TCO 3) Which one of these items can be included in your credit report?
Race
Marital status
Sex
Nationality
Religion
Question 5. 5. (TCO 3) All of the following provide data to credit bureaus except
banks.
finance companies.
merchants.
court records.
the Internal Revenue Service.
Question 6. 6. (TCO 3) Personal bankruptcy can be reported to credit bureaus for _____ years.
5
7
10
15
25
Question 7. 7. (TCO 3) If a bank needs to examine the value of a specific asset when you are applying for a loan, this process refers to which aspect of the five Cs of lending?
Character
Capacity
Collateral
Capital
Conditions
Question 8. 8. (TCO 3) When a lender examines your job situation and the security of your employment, it is considering which area of lending?
Capacity
Character
Capital
Collateral
Conditions
Question 9. 9. (TCO 3) Which one of the selections can be categorized as an advantage of credit?
The use of credit can lead to court action and bankruptcy.
The use of credit can lead to overspending.
The use of credit can lead to anxiety.
The use of credit ties up the use of future income.
The use of credit allows for the purchase of goods even when funds are low.
Question 10. 10. (TCO 3) Which one of the selections can be categorized as a disadvantage of credit?
The use of credit can allow you to receive advance notice of sales.
The use of credit can allow for you to purchase previously inaccessible items.
The use of credit allows for the purchase of goods even when funds are low.
The use of credit can allow for the easier return of merchandise.
The use of credit can lead to overspending.
Question 11. 11. (TCO 3) By evaluating your credit options, you can do all of the following except
reduce your finance charges.
reconsider your decision to borrow money.
discover a less expensive type of loan.
find a lender that charges a lower rate.
purchase goods and services without specific limitations.
Question 12. 12. (TCO 3) Typically, a person can obtain the least expensive loan through
parents or family members.
banks.
savings and loan associations.
finance companies.
loan sharks.
Question 13. 13. (TCO 3) Referring to trends in credit union membership, it can be observed that membership has been
restricted by the Tax Reform Act of 1986.
declining gradually.
static.
growing steadily.
restricted by state laws.
Question 14. 14. (TCO 3) Which one of the following is a signal of a potential debt problem?
Paying the maximum balance due each month
Borrowing money to pay old debts
Using savings to pay for major purchases
Receiving notice of prompt payment from creditors
Occasionally working overtime and moonlighting
Question 15. 15. (TCO 3) Allison Smith starts the month with a balance of $1,100 on her credit card. On the 10th day of the month, she purchases $200 in clothes with her credit card. On the 15th day of the month, she makes a payment on her credit card of $500. The average daily balance for the month including the new purchase is $883. The average daily balance for the month excluding the new purchase is $750. Allison’s interest rate is 1.5% for the month. Allison’s bank calculates the finance charge on the credit card by using the adjusted balance method. What would Allison’s finance charges be for the month?
$7.50
$9.00
$11.25
$13.25
$16.50
Question 16. 16. (TCO 3) Jerry Dean starts the month with a balance of $1,500 on his credit card. On the 10th day of the month, he purchases $200 in clothes with his credit card. On the 15th day of the month, he makes a payment on his credit card of $500. The average daily balance for the month including the new purchase is $883. The average daily balance for the month excluding the new purchase is $750. Jerry’s interest rate is 1.5% for the month. Jerry’s bank calculates the finance charge on the credit card by using the previous balance method. What would Jerry’s finance charges be for the month?
$7.50
$13.25
$15.00
$22.50
$18.00
Question 17. 17. (TCO 3) If Sarah goes out and spends $600 in new clothes for herself, putting it all on her credit card after her husband returns at 4 a.m. the previous morning from a night on the town, this is an example of which of the following?
Misunderstanding or lack of communication
Keeping up with the Joneses
The expectation of instant comfort
The use of money to punish
Overindulgence of children
Question 18. 18. (TCO 3) One day, Gary notices that is neighbor has purchased a new Land Rover and it is sitting in his driveway. Gary decides that he also needs a new car and goes out and purchases a Hummer with a 6-year loan on it. Which reason for indebtedness is this an example of?
Misunderstanding or lack of communication
Keeping up with the Joneses
The expectation of instant comfort
The use of money to punish
Overindulgence of children
Question 19. 19. (TCO 3) In terms of borrowing expenses, which of the following options would be relatively the cheapest?
Car dealer
Appliance store
Department store
Relative
Finance company
Question 20. 20. (TCO 3) If Marjorie Wilcox borrows $200 for 1 year with an APR of 12% and an annual service fee of $10, what is her total cost of credit?
$10
$12
$24
$34
$42
BUSN 380 BUSN380 BUSN/380 ENTIRE COURSE HELP – DEVRY UNIVERSITY
BUSN 380 Week 3 Quiz Set 3
1. _____ is a good example of a closed-end credit.
A credit card issued by a department store
A credit card issued by VISA or MasterCard
A mortgage loan
Using a cashier’s check to pay for a purchase
Using overdraft protection at a bank
Question 2. When obtaining open-end credit, you may see this being offered as
installment credit.
a box of credit.
convenience credit.
revolving credit.
a single lump-sum credit.
Question 3. Which one of these agencies can provide a report about your past and present credit activity to a prospective creditor?
The Federal Reserve Bank in your district
The Audit Bureau of Circulation
The Federal Trade Commission
A debit bureau
A credit bureau
Question 4. Dividing monthly debt payments (not including house payments) by net monthly income will allow you to calculate your _____.
net-worth-to-debt ratio
debt-payments-to-income ratio
liability status
credit capacity status
income-to-liability ratio
Question 5. In determining your credit capacity, you first provide for basic necessities, such as
furniture.
home furnishings.
mortgage or rent.
automobiles.
durable goods.
Question 6. Personal bankruptcy can be reported to credit bureaus for _____ years.
5
7
10
15
25
Question 7. When a loan officer is examining your income and the amount of your existing debt payments in deciding whether to make a loan to you, which aspect of the five Cs of lending is the loan officer most likely looking at?
Character
Collateral
Capital
Capacity
Conditions
Question 8. When a lender examines your job situation and the security of your employment, it is considering which area of lending?
Capacity
Character
Capital
Collateral
Conditions
Question 9. All of the following reasons are reasonable situations when you would decide to use credit except
borrowing for a stay in a hospital because of appendicitis.
borrowing to pay for your expensive dinner and movie every week.
borrowing to buy a printer for your home office now because you know it will be twice as expensive in 2 years.
borrowing to purchase a car so that you can go to work full time.
using a credit card to purchase an airline ticket to visit a sick relative.
Question 10. If Jack uses a Visa card to purchase a new digital camera, he would be using what type of credit?
Installment sales credit
Installment cash credit
Single lump sum credit
Revolving credit
Incidental credit
Question 11. One of the following financing methods typically provides individuals with a float period. Which one of these methods has this as an option?
Installment loan
A loan from a relative
Lump sum loan
Home equity line of credit
Credit card
Question 12. While collateralized loans may provide lower interest rates, these loans have a disadvantage because
the loan must be repaid in a short period of time.
you ruin your credit rating.
the loan is difficult to obtain.
commercial banks do not make such loans.
the assets used as collateral are tied up until the loan has been repaid.
Question 13. One source of the most expensive loans is through
parents.
finance companies.
banks.
friends.
credit unions.
Question 14. Which one of the following is a signal of a potential debt problem?
Paying the maximum balance due each month
Borrowing money to pay old debts
Using savings to pay for major purchases
Receiving notice of prompt payment from creditors
Occasionally working overtime and moonlighting
Question 15. If Tony Jones knows he can get a car loan for up to 5 years at a credit union but decides that he can easily repay the loan in 3 years, and therefore gets a 3-year loan, how is Tony reducing the lender’s risk?
He is sharing the interest rate risk with his lender.
He is pledging valuable assets that can be seized if the loan is not repaid.
He is repaying the loan over a faster period of time.
He is taking a larger stake in the asset he is purchasing.
He is obtaining the loan from the credit union.
Question 16. Sarah Russell starts the month with a balance of $1,000 on her credit card. On the 10th day of the month, she purchases $200 in clothes with her credit card. On the 15th day of the month she makes a payment on her credit card of $500. The average daily balance for the month including the new purchase is $883. The average daily balance for the month excluding the new purchase is $750. Sarah’s interest rate is 1.5% for the month. Sarah’s bank calculates the finance charge on the credit card by using the average daily balance, excluding new purchases. What would Sarah’s finance charges be for the month?
$7.50
$13.25
$18.00
$15.00
$11.25
Question 17. If Jeff rushes to purchase a home by obtaining an interest-only loan, and the reason why he wants a home is because he wants to have a house just like the one that his parents had when he was a teenager, this is an example of which of the following?
Misunderstanding or lack of communication
The use of money to punish
Overindulgence of children
Keeping up with the Joneses
The expectation of instant comfort
Question 18. Over time, which method of payment is likely to be the least expensive?
Bank credit card
Check written on a home equity line of credit (HELOC)
Store credit card
Cash
A title loan
Question 19. In terms of borrowing expenses, which of the following options would be relatively the cheapest?
Car dealer
Appliance store
Department store
Relative
Finance company
Question 20. If Marjorie Wilcox borrows $200 for 1 year with an APR of 12% and an annual service fee of $10, what is her total cost of credit?
$10
$12
$24
$34
$42
BUSN 380 BUSN380 BUSN/380 ENTIRE COURSE HELP – DEVRY UNIVERSITY
BUSN 380 Week 4 Assignment Project 1 Job Search and Personal Budget (2 Projects)
This Tutorial contains 2 Projects
Using your income from your current job or using income from a future job that you are planning on having after graduating from college, construct a budget.
Searching for a job: Using a daily newspaper or an online search engine, find the monthly income/salary which will be used as your income in your personal budget.
Some useful job search websites: Monster (<a href=”http://www.monster.com/”>www.monster.com</a>), Career Builder , and Jobs
Additional information can be found at the United States Department of Labor, Bureau of
You may also take the research above to confirm and/or project what you should be earning if you intend to use your current job to complete this assignment.
Use the Personal Budget spreadsheet from Doc Sharing to enter your income from your current job or the income from the job that you are planning on having, then enter the rest of the details based on this personal income (expenses, spending, etc.).
Write a short paper (two page maximum, double spaced, APA format) on your job and budget; it should include the following as a minimum:
a job description;
reasons why you would like to have his job;
a salary; and
a discussion and explanation of how this dream job will or will not help you achieve your personal goals based on the outcome of your budget. 50 Points Total
Based on the personal budget I prepared, assuming an annual salary of $55,000, I could pay off my own apartment, everyday needs (food, clothing and transportation to and from work), and still have extras for entertainment. What is amusing is, despite allocating a decent amount for savings and retirement, and payment of my student loan, I could still have…
BUSN 380 BUSN380 BUSN/380 ENTIRE COURSE HELP – DEVRY UNIVERSITY
BUSN 380 Week 4 Problem Set 4
BUSN 380 BUSN380 BUSN/380 ENTIRE COURSE HELP – DEVRY UNIVERSITY
BUSN 380 Week 4 Quiz Set 1
Question 1. Question : (TCO 5) Which of the following statements is false?
No one is going to make you save the money; you need to start a program.
To be useful, investment objectives must be very specific.
Investment goals can be different for each individual.
Because investment objectives deal with the future, it is useful to plan more than 5 years in the future.
A long-term investment objective involves a time period of 2 years or less.
Question 2. Question : (TCO 5) Good advice for a potential investor starting an investment program includes all but which of the statements below?
Work to balance your budget.
Increase credit purchases and make installment payments in order to increase cash available for investing.
Establish specific and measurable investment goals.
Start an emergency fund.
Establish a line of credit.
Question 3. Question : (TCO 5) You currently hold a $1,000 corporate bond; however, if interest rates in the overall economy increase, which of the following is most likely to be the market value of this bond?
$900
$1,100
$1,000
The value of the bond will not change.
It is impossible to determine whether the bond’s value will increase or decrease.
:
Question 4. Question : (TCO 5) Which of the following individuals should have the highest tolerance for risk?
Joan Cummings, who is a single mother with two small children
Darren Carter, who works for American Airlines and is worried that he is going to be laid off soon
Barry Parks, who is an investment banker and earns over $200,000 per year
Michael Clark, who is 74 years old and been retired for 6 years
Fred Funderbunk, who delivers pizzas and makes about $15,000 per year
Question 5. Question : (TCO 5) Which of the following statements is false?
When choosing an investment, it is necessary to consider the risk factor.
During inflationary times, there is a risk that the financial return on an investment will not keep pace with the rate of inflation.
The interest rate risk associated with investments in bonds is the result of changes in business conditions faced by companies.
The risk of business failure deals with changes in the value of stocks and bonds due to changes and risks within a business itself.
The prices of stocks, bonds, and other investments fluctuate in the market.
Question 6. Question : (TCO 5) A $1,000 corporate bond pays 9.0% a year. What is the annual interest you will receive?
$90.00
$9.50
$900
$9,000
$0.90
Question 7. Question : (TCO 5) Jeremy is 22 years old and single. He recently graduated from college and started his career making $30,000 a year. He has come to you asking for advice regarding a long-term investment program. What would you recommend?
Government bonds
Corporate bonds
Commodities
A money-market fund
Question 8. Question : (TCO 5) John Farmer recently received a legal form from the company where he owns stocks that list the issues to be decided at the annual stockholders’ meeting. The item asks that he signs something that allows someone else to vote for him. What has he received?
Equity
Proxy
Voting rights
Dividends
None of the above
Question 9. Question : (TCO 5) Matt Dannon just bought the stock of a company that provides him with the responsibility to approve major company actions. Which one of the following best characterizes this responsibility?
Voting rights
Proxy
Equity
Dividends
None of the above
Question 10. Question : (TCO 5) If Orlando Blodgett is buying the stock of the Getaway Caribbean Cruise Company. If he buys the stock today, knowing it is the first day it is selling without the dividend for this quarter, on what date is Orlando buying the stock?
Record date
Sale date
Payment date
Ex dividend date
None of the above
Question 11. Question : (TCO 5) Bill Affleck is interested in buying preferred stock, but to be protected if the company needs to omit a dividend payment. He wants any unpaid dividends to accumulate and be paid before any common stock dividends are paid. Which one of these features of preferred stock is Bill seeking?
Convertible
Callable
Cumulative
Credible
None of the above
Question 12. Question : (TCO 5) A very safe investment that generally attracts conservative investors is called a(n) _____ stock.
penny
cyclical
growth
small cap
blue chip
Question 13. Question : (TCO 5) One option for long-term corporate financing is equity financing, and this is a popular choice because
a lender is always available to provide this type of financing.
it does not cost anything to sell in the primary market.
repayment doesn’t have to be made for 10 years or more.
only interest must be paid for the first 5 years.
it does not have to be repaid.
Question 14. Question : (TCO 5) Assume that you purchased a $1,000 Exxon bond that pays 8.5% interest. What is the amount of interest you would receive every 6 months?
$42.50
$8.50
$85
$4.25
$1,000
Question 15. Question : (TCO 5) What is the approximate market value for a $1,000 corporate bond that pays 7% interest when comparable bonds are paying 8% interest?
$800
$875
$70
$1,142
$1,000
Question 16. Question : (TCO 5) The _____ describes legal conditions for a corporate bond.
trustee contract
bondholder’s covenant
bond indenture
corporate charter
bond debenture
Question 17. Question : (TCO 5) A _____ bond is backed only by the reputation of the issuing corporation.
preemptive
mortgage
indenture
debenture
Treasury
Question 18. Question : (TCO 5) You have been thinking about investing in corporate bonds, but are seeking the most secure bond investment possible. Most likely, you would want to select _____ bonds.
debenture
subordinated
indenture
convertible
mortgage
Question 19. Question : (TCO 5) If a corporation is allowed to buy outstanding bonds from current bondholders before the maturity date, this is referred to as
a flexible bond.
a convertible option.
a call feature.
a free purchase.
a guarantee.
Question 20. Question : (TCO 5) A government security issued in minimum units of $100 with a 30-year maturity is called a
subordinated bond.
Treasury bill.
Treasury note.
Treasury bond.
savings bond.
BUSN 380 BUSN380 BUSN/380 ENTIRE COURSE HELP – DEVRY UNIVERSITY
BUSN 380 Week 4 Quiz Set 2
Question 1. 1. (TCO 5) If an investment objective is short term, this means that the goal should be achieved in what time frame?
Less than 6 months
In 2–5 years
More than 5 years
A year or less
None of the above
Question 2. 2. (TCO 5) If an investment objective is considered to be long term, then this means the goal should be achieved in what time frame?
Less than 2 years
In 2–5 years
More than 5 years
Less than 1 year
None of the above
Question 3. 3. (TCO 5) You currently hold a $1,000 corporate bond; however, if interest rates in the overall economy increase, which of the following is most likely to be the market value of this bond?
$900
$1,100
$1,000
The value of the bond will not change.
It is impossible to determine whether the bond’s value will increase or decrease.
Question 4. 4. (TCO 5) Gina has recently become a widow with two small children, and wants to make sure that both she and the children are taken care of in the future. She received a check for $350,000 from a life insurance company. Based on this information, Gina places a high degree of importance on
beta.
safety.
business failure.
market risk.
liquidity.
Question 5. 5. (TCO 5) Mary Ann recently received a $20,000 gift from her uncle and is considering investing in stocks, because she knows that historically they have earned an approximately 10–12% rate of return over the last few years. Referring to aspects of investing, Mary Ann is most concerned about which of the following?
Risk
Return
Diversification
Liquidity
Income
Question 6. 6. (TCO 5) A $1,000 corporate bond pays 6.5% a year. What is the annual interest you will receive?
$0.65
$6.50
$65.00
$1,060.50
$1,065.00
Question 7. 7. (TCO 5) Jeremy is 22 years old and single. He recently graduated from college and started his career making $30,000 a year. He has come to you asking for advice regarding a long-term investment program. What would you recommend?
Growth stocks
Government bonds
Corporate bonds
Commodities
A money-market fund
Question 8. 8. (TCO 5) Tracey Hernandez is 26 and has saved enough money for an emergency fund, along with an additional $4,500 for an investment program. She is single with no dependents and has a desire to retire at 65. What would best characterize Ms. Hernandez’s investment goal?
Beta
Income
Growth
Risk
Liquidity
Question 9. 9. (TCO 5) Matt Dannon just bought the stock of a company that provides him with the responsibility to approve major company actions. Which one of the following best characterizes this responsibility?
Voting rights
Proxy
Equity
Dividends
None of the above
Question 10. 10. (TCO 5) Beverly Frickel purchased 100 shares of Gleason Systems stock for $32.50 per share. Her commission for this purchase was $25. She sold the stock 2 years later for $45 per share and a commission of $40. While she held the stock it paid a dividend of $1.50 per share. What was Beverly’s total dollar return on this stock?
$1,355
$1,335
$65
$1,375
$1,400
Question 11. 11. (TCO 5) Bill Affleck is interested in buying preferred stock, but to be protected if the company needs to omit a dividend payment. He wants any unpaid dividends to accumulate and be paid before any common stock dividends are paid. Which one of these features of preferred stock is Bill seeking?
Convertible
Callable
Cumulative
Credible
None of the above
Question 12. 12. (TCO 5) A very safe investment that generally attracts conservative investors is called a(n) _____ stock.
penny
cyclical
growth
small cap
blue chip
Question 13. 13. (TCO 5) All of the statements below are false except
corporations are required by law to report all activities to their stockholders each month.
stockholders may vote only by proxy.
stockholders must approve the sale of all goods and services by the company.
corporations are required by law to have two stockholder meetings each year.
stockholders must approve major changes to corporate policies.
Question 14. 14. (TCO 5) Assume that you purchased a $1,000 Exxon bond that pays 8.5% interest. What is the amount of interest you would receive every 6 months?
$42.50
$8.50
$85
$4.25
$1,000
Question 15. 15. (TCO 5) Corporate bonds typically pay interest every
month.
6 months.
3 months.
9 months.
year.
Question 16. 16. (TCO 5) The _____ is the financially independent firm or individual that acts as the bondholders’ representative.
trustee
president of the corporation
debenture holder
indenture holder
chairman of the board
Question 17. 17. (TCO 5) A _____ bond is unsecured and gives bondholders a claim secondary to that of other designated bondholders with respect to both income and assets.
subordinated debenture
mortgage
debenture
preemptive
Treasury
Question 18. 18. (TCO 5) A(n) _____ bond is one that can be exchanged, at the owner’s option, for a specified number of shares of the corporation’s stock.
debenture
convertible
indenture
flexible
subordinated
Question 19. 19. (TCO 5) If a corporation is allowed to buy outstanding bonds from current bondholders before the maturity date, this is referred to as
a flexible bond.
a convertible option.
a call feature.
a free purchase.
a guarantee.
Question 20. 20. (TCO 5) A _____ bond is registered in the owner’s name by the issuing company.
certified
coupon
general obligation
zero-coupon
registered
BUSN 380 BUSN380 BUSN/380 ENTIRE COURSE HELP – DEVRY UNIVERSITY
BUSN 380 Week 4 Quiz Set 3
1. (TCO 5) Which of the following statements is false?
No one is going to make you save the money; you need to start a program.
To be useful, investment objectives must be very specific.
Investment goals can be different for each individual.
Because investment objectives deal with the future, it is useful to plan more than 5 years in the future.
A long-term investment objective involves a time period of 2 years or less.
Question 2. 2. (TCO 5) Eric Peltz earns $70,000 a year. His monthly expenses total $3,600. What is the minimum amount of money that Mr. Peltz should set aside in an emergency fund?
$1,800
$3,600
$10,800
$21,600
$35,000
Question 3. 3. (TCO 5) You currently hold a $1,000 corporate bond; however, if interest rates in the overall economy increase, which of the following is most likely to be the market value of this bond?
$900
$1,100
$1,000
The value of the bond will not change.
It is impossible to determine whether the bond’s value will increase or decrease.
Question 4. 4. (TCO 5) Which of the following individuals should have the highest tolerance for risk?
Joan Cummings, who is a single mother with two small children
Darren Carter, who works for American Airlines and is worried that he is going to be laid off soon
Barry Parks, who is an investment banker and earns over $200,000 per year
Michael Clark, who is 74 years old and been retired for 6 years
Fred Funderbunk, who delivers pizzas and makes about $15,000 per year
Question 5. 5. (TCO 5) Mary Ann recently received a $20,000 gift from her uncle and is considering investing in stocks, because she knows that historically they have earned an approximately 10–12% rate of return over the last few years. Referring to aspects of investing, Mary Ann is most concerned about which of the following?
Risk
Return
Diversification
Liquidity
Income
Question 6. 6. (TCO 5) A $1,000 corporate bond pays 6.5% a year. What is the annual interest you will receive?
$0.65
$6.50
$65.00
$1,060.50
$1,065.00
Question 7. 7. (TCO 5) Investments can be affected by all of the following risks except
inflation.
global risks.
individual selection.
business failure.
market risks.
Question 8. 8. (TCO 5) Tracey Hernandez is 26 and has saved enough money for an emergency fund, along with an additional $4,500 for an investment program. She is single with no dependents and has a desire to retire at 65. What would best characterize Ms. Hernandez’s investment goal?
Beta
Income
Growth
Risk
Liquidity
Question 9. 9. (TCO 5) Matt Dannon just bought the stock of a company that provides him with the responsibility to approve major company actions. Which one of the following best characterizes this responsibility?
Voting rights
Proxy
Equity
Dividends
None of the above
Question 10. 10. (TCO 5) If Orlando Blodgett is buying the stock of the Getaway Caribbean Cruise Company. If he buys the stock today, knowing it is the first day it is selling without the dividend for this quarter, on what date is Orlando buying the stock?
Record date
Sale date
Payment date
Ex dividend date
None of the above
Question 11. 11. (TCO 5) Bill Affleck is interested in buying preferred stock, but to be protected if the company needs to omit a dividend payment. He wants any unpaid dividends to accumulate and be paid before any common stock dividends are paid. Which one of these features of preferred stock is Bill seeking?
Callable
Cumulative
Credible
None of the above
Question 12. 12. (TCO 5) Common stock represents _____.
a loan to a company
corporate ownership
a loan to an investor
a guarantee of dividends
a cash distribution
Question 13. 13. (TCO 5) One option for long-term corporate financing is equity financing, and this is a popular choice because
a lender is always available to provide this type of financing.
it does not cost anything to sell in the primary market.
repayment doesn’t have to be made for 10 years or more.
only interest must be paid for the first 5 years.
it does not have to be repaid.
Question 14. 14. (TCO 5) Which of the following statements is false?
Stockholders elect the board of directors.
Stockholders pay taxes on dividends.
Intelligent investors must be concerned about future after-tax profits.
Dividend payments may not be reduced or omitted at any time.
Corporate dividends may not always be paid in cash.
Question 15. 15. (TCO 5) What is the approximate market value for a $1,000 corporate bond that pays 7% interest when comparable bonds are paying 8% interest?
$800
$875
$70
$1,142
$1,000
Question 16. 16. (TCO 5) The _____ is the financially independent firm or individual that acts as the bondholders’ representative.
trustee
president of the corporation
debenture holder
indenture holder
chairman of the board
Question 17. 17. (TCO 5) A _____ bond is unsecured and gives bondholders a claim secondary to that of other designated bondholders with respect to both income and assets.
subordinated debenture
mortgage
debenture
preemptive
Treasury
Question 18. 18. (TCO 5) A _____ is a bond typically secured by assets.
debenture bond
corporate bond
mortgage bond
preemptive bond
Treasury bond
Question 19. 19. (TCO 5) A(n) _____ fund is a fund to which annual or semiannual deposits are made for the purpose of redeeming a bond issue.
serial
indenture
debenture
sinking
money
Question 20. 20. (TCO 5) A _____ bond is registered in the owner’s name by the issuing company.
certified
coupon
general obligation
zero-coupon
registered
BUSN 380 BUSN380 BUSN/380 ENTIRE COURSE HELP – DEVRY UNIVERSITY
BUSN 380 Week 5 Problem Set 5
BUSN 380 BUSN380 BUSN/380 ENTIRE COURSE HELP – DEVRY UNIVERSITY
BUSN 380 Week 5 Quiz
Question 1. 1. (TCO 1) _____ is the first phase of the consumer buying process. (Points : 1)
Gathering information
Evaluating alternatives
Selecting the buying location
Researching alternatives
Identifying the problem
Question 2. 2. (TCO 1) The purpose of a cooperative is to (Points : 1)
solve consumer complaints.
test consumer products for quality.
lobby for changes in consumer protection laws.
obtain brand-name items for less than wholesale.
sell products or services to members at reduced prices.
Question 3. 3. (TCO 1) When someone states that he or she has purchased a good or service on impulse, this means that this individual has (Points : 1)
evaluated alternatives.
gathered information.
comparison shopped.
selected the least desirable alternative.
made an unplanned purchase.
Question 4. 4. (TCO 1) Food labels require (Points : 1)
open dating.
unit pricing.
a common product name.
a generic name.
large lettering.
Question 5. 5. (TCO 1) Service contracts may not always be the best solution for consumers because of (Points : 1)
poor service from repair companies.
limited coverage of repairs.
weak government regulation of service contract companies.
high costs and a low chance of need.
the fact that few places are available for repairs.
Question 6. 6. (TCO 1) When a conflict needs to be resolved, two parties may have the difference settled by a third party whose decision is legally binding. This is called (Points : 1)
a legal aid society.
mediation.
arbitration.
a consumer action panel.
cooperative action.
Question 7. 7. (TCO 1) Tony Martin recently participated in a tour of Midwestern landmarks. However, during the tour, the bus broke down and he and other group members were forced to pay for their own hotel bills because they had to stay overnight. If Tony and other group members want the tour company to pay for hotel costs, which legal action should they take? (Points : 1)
Small claims court
Class action suit
Legal aid society
Arbitration
Mediation
Question 8. 8. (TCO 1) In order for a class action suit to be taken and also to be valid, it must (Points : 1)
be a legal problem against a government agency.
cover an amount less than the limit set by the state.
be a case that would not be handled by an attorney.
involve low-income individuals.
involve several people with the same problem.
Question 9. 9. (TCO 1) When a used car has an implied warranty, this means that (Points : 1)
major repairs are the responsibility of the seller.
government agencies will repair safety defects.
the vehicle must be in operating condition.
hidden defects will be repaired at no cost to the buyer.
a vehicle must operate properly for at least 1 year.
Question 10. 10. (TCO 1) When reviewing the Edmund’s Guide, you will find information pertaining to (Points : 1)
safety problems of existing vehicles.
price data.
sales of stolen vehicles.
cars available for sale from government agencies.
car repairs.
Question 11. 11. (TCO 3) Renting has a common opportunity cost of (Points : 1)
interest lost on the down payment.
interest lost on the security deposit.
property taxes.
maintenance costs.
interest lost on closing costs.
Question 12. 12. (TCO 3) When a person lives in a cooperative housing arrangement, this involves (Points : 1)
government-supported rental units.
factory-built and on-site assembly.
individual ownership of a living unit in a building.
a nonprofit organization that rents units to members.
housing units owned by a real estate developer.
Question 13. 13. (TCO 3) Lonette and Al received a statement reporting that they paid $6,000 in mortgage interest during the past year. If they are in a 28% tax bracket, this deduction may reduce their taxable income by (Points : 1)
$6,000.
$1,680.
$4,320.
$0.
$3,000.
Question 14. 14. (TCO 3) Latrice Patterson has presented a counteroffer, and this means she is (Points : 1)
negotiating a purchase price.
reducing her mortgage payments.
lowering real estate property taxes.
avoiding the payment of points at closing.
avoiding the payment of the real estate agent’s commission.
Question 15. 15. (TCO 3) Todd Foley is applying for a $100,000 mortgage. He can get a $600 monthly payment for principal and interest and no points, or a $550 monthly payment with one point. How many months will it take Todd to cover the cost of the discount points if he takes the lower monthly payment? (Points : 1)
6
12
20
2
25
Question 16. 16. (TCO 3) An example of a conventional mortgage would be (Points : 1)
an FHA mortgage.
a buy-down.
a home equity loan.
a shared appreciation mortgage.
a fixed-rate mortgage.
Question 17. 17. (TCO 3) When one observes negative amortization, this means that there (Points : 1)
is a lower amount owed on the mortgage.
is a lower down payment.
is a lower escrow account.
are lower interest rates.
is a higher amount owed on the mortgage.
Question 18. 18. (TCO 3) A _____ mortgage is basically a home equity loan. (Points : 1)
shared appreciation
second
growing equity
graduated payment
buy-down
Question 19. 19. (TCO 3) You should still contact and use a(n) _____ if you sell your home without the use of a real estate agent. (Points : 1)
broker
insurance agent
rental agent
contractor
lawyer
Question 20. 20. (TCO 3) James Monroe lives in a structure that resembles a home, but has only one similar and separate structure attached to his dwelling. What type of housing is James most likely living in? (Points : 1)
A condominium
A duplex
A cooperative
A prefabricated home
A single family dwelling
BUSN 380 BUSN380 BUSN/380 ENTIRE COURSE HELP – DEVRY UNIVERSITY
BUSN 380 Week 5 You Decide Potential Purchase Of A Home (2 Papers)
This Tutorial contains 2 Papers
SCENARIO
Scenario Summary
After a number of years of planning, you have made the decision to evaluate the potential purchase of a home. The goal of the assignment is to compare two homes based on demographics, and also to analyze a number of additional factors related to the home-buying process and ongoing possession.
Your Assignment
You will first need to research the housing market and compare the values of two similar homes in two different areas. The two homes must be extremely similar in structure size, land size, year built, and additions such as swimming pools or barns. Then, based upon your findings, you will select one of the homes to purchase, calculate a monthly payment on the mortgage note, compare this information with what you can potentially afford, and address additional questions related to home ownership.
BUSN 380 BUSN380 BUSN/380 ENTIRE COURSE HELP – DEVRY UNIVERSITY
BUSN 380 Week 6 Assignment Project 2 Car Buying (2 Projects)
This Tutorial contains 2 Projects
In this assignment, we will learn how to buy a car and figure out whether it is priced at or below market value.
First, you need to decide on your budget which is the maximum you can spend on a car and that maximum number should take into consideration price, tax, registration, and fixing if needed.
Second, go to a web site such as cars.com and search for a car in within your budget constraint.
Third, go to a web site such as the one for the Kelly Blue Book, and find out whether the car is at market value, overpriced, or underpriced.
Finally, write a two page paper discussing your findings and issues to explain or discuss:
· Explain your choice. Why did you select the car that you identified? What are three different prices the Kelly Blue Book provides?
· Based on Kelly Blue Book prices, is the car over or underpriced?
· Did you have any surprises, prior experience, feedback, thoughts, and so on?
· Referring to the car that you selected, discuss the insurance decisions you will need to make. What type of coverage will you need? What is the minimum amount of coverage you will need (based on your state of residence) and what amount of coverage would you actually like to have? Are there any actions you can take to reduce your premiums? Address these questions, taking into account your current budget and financial status.
BUSN 380 BUSN380 BUSN/380 ENTIRE COURSE HELP – DEVRY UNIVERSITY
BUSN 380 Week 6 Problem Set 6
BUSN 380 BUSN380 BUSN/380 ENTIRE COURSE HELP – DEVRY UNIVERSITY
BUSN 380 Week 6 Quiz
1. (TCO 4) If a home inspection reveals defective house wiring, then this is an example of a (Points : 1)
threat.
peril.
risk.
speculation.
hazard.
Question 2. 2. (TCO 4) If you decide to install a new home security system with cameras, this is an example of _____ risk. (Points : 1)
shifting
accepting
transferring
sharing
reducing
Question 3. 3. (TCO 4) If a homeowner does not clear ice from stairs for a delivery person in a timely manner, this may result in a case of: (Points : 1)
vicarious liability.
negligence.
assigned risk.
umbrella coverage.
coinsurance.
Question 4. 4. (TCO 4) If a worker damages your home while painting several rooms, and you take action against the worker’s employer to cover the cost of the damage, this is an example of a(n) _____ liability. (Points : 1)
umbrella
vicarious
common situation
peril
assigned
Question 5. 5. (TCO 4) Which of the following is not considered personal property for home insurance coverage? (Points : 1)
An automobile
A garage
Furniture
Appliances
A permanently installed air conditioning unit
Question 6. 6. (TCO 4) State Farm has provided a quote to you for an umbrella policy. This type of policy provides coverage for (Points : 1)
expensive personal property.
additional buildings on your property.
property when traveling away from home.
major personal liability suits.
flood damage.
Question 7. 7. (TCO 4) Renter’s insurance covers all but which of the following? (Points : 1)
Medical expenses for injuries to visitors
Cost of legal action due to personal liability
Additional living expenses
Accidental damage to the property of others
Fire damage of the building’s roof
Question 8. 8. (TCO 4) If claims need to be settled based on the current replacement cost of a damaged or lost item less depreciation, then the _____ method should be used. (Points : 1)
replacement value
actual cash value
umbrella
endorsement
personal property floater
Question 9. 9. (TCO 4) If you are in an automobile accident for which you were responsible, and you have _____ coverage within an insurance policy, this covers the risk of financial loss due to legal expenses, medical expenses, lost wages, and other expenses associated with injuries caused by an automobile accident for which you were responsible. (Points : 1)
medical payments
comprehensive insurance
uninsured motorists protection
no-fault insurance
bodily injury liability
Question 10. 10. (TCO 4) _____ coverage pays for medical care for people who were injured in your automobile. (Points : 1)
Comprehensive
Bodily injury liability
Collision
Medical payments
No-fault insurance
Question 11. 11. (TCO 4) The 50 in 100/300/50 refers to _____ coverage. (Points : 1)
collision
bodily injury liability
property damage liability
medical payments
comprehensive physical damage
Question 12. 12. (TCO 4) Thad Joslin was judged at fault in an automobile accident. Three others were awarded damages of $145,000, $75,000, and $80,000. Thad has 100/300 bodily injury liability coverage. What amount, if any, would not be covered by his insurance? (Points : 1)
$45,000
$100,000
$75,000
None. The total amount would be covered by insurance.
$50,000
Question 13. 13. (TCO 4) Which is a correct statement about life insurance? (Points : 1)
People are less apt to actively seek life insurance than health insurance.
Private sources are the only available sources for life insurance.
Life insurance is extremely important if you are single and living alone.
There is only one type of life insurance.
Consumer awareness of life insurance has changed considerably over the years.
Question 14. 14. (TCO 4) You probably have little or no need for life insurance if you are (Points : 1)
a single person living alone or with parents.
divorced and have two children.
married and your spouse works.
gainfully employed.
a household with several children.
Question 15. 15. (TCO 4) Your annual income is $35,000. What is your life insurance need based on the easy method? (Points : 1)
$35,000
$110,500
$171,500
$191,500
Over $200,000
Question 16. 16. (TCO 4) Which type of life insurance policy combines term insurance and investment elements? (Points : 1)
Whole life
Ordinary life
Universal life
Adjustable life
Extended life
Question 17. 17. (TCO 4) All of the following are innovative ways that concerned groups are containing healthcare costs except for (Points : 1)
the establishment of incentives to encourage preventive care.
encouraging the use of prepaid group practices.
the establishment of community education programs so people can learn to take better care of themselves.
encouraging doctors to pay cash for routine medical costs.
picketing at hospitals and physician offices.
Question 18. 18. (TCO 4) A growing number of students have been without health insurance because typically (Points : 1)
insurance companies refuse to insure them.
students are young and healthy.
an older student population is not covered by family policies.
students don’t care if they get sick.
students don’t need health insurance.
Question 19. 19. Which of the following statements is true? (Points : 1)
Physician expense insurance coverage normally includes visits to the doctor’s office, x-rays, and lab tests.
Basic health insurance coverage includes hospital expense insurance, surgical expense insurance, and physician expense insurance.
A deductible provision requires the policyholder to pay a basic amount before the policy benefits begin.
A good health insurance plan should impose no unreasonable exclusions.
All of the above
Question 20. 20. (TCO 4) If you have purchased a medical insurance policy with a very low deductible and the policy pays for hospital, surgical, medical, and other bills under one plan, this is a called a _____. (Points : 1)
low-cost policy.
hospital indemnity policy
long-term care insurance
cancer insurance policy
comprehensive major medical insurance policy
BUSN 380 BUSN380 BUSN/380 ENTIRE COURSE HELP – DEVRY UNIVERSITY
BUSN 380 Week 7 Problem Set 7
BUSN 380 BUSN380 BUSN/380 ENTIRE COURSE HELP – DEVRY UNIVERSITY
BUSN 380 Week 7 Quiz
1. (TCOs 6 and 7) The Capitalist Mutual Fund’s portfolio is valued at $48 million. The fund has liabilities of $4 million, and the investment company sponsoring the fund has issued 1,600,000 shares. What is the fund’s net asset value? (Points : 1)
$48.00
$30.00
$36.66
$27.50
$1
Question 2.2. (TCOs 6 and 7) A(n) _____ mutual fund is one in which investors pay a commission every time they purchase shares. (Points : 1)
closed-end
open-end
no-load
load
convertible
Question 3.3. (TCOs 6 and 7) The All-Star Basic Value Fund’s portfolio is valued at $215 million. The fund has liabilities of $5 million, and the investment company sponsoring the fund has issued 15 million shares. What is the fund’s net asset value? (Points : 1)
$14.33
$14.00
$21.50
$21.00
$3.00
Question 4.4. (TCOs 6 and 7) A(n) _____ fund is a mutual fund that invests in common stocks and bonds with the primary objectives of conserving capital, providing income, and seeking long-term growth. (Points : 1)
income
growth
industry
balanced
money market
Question 5.5. (TCOs 6 and 7) A(n) _____ fund is a mutual fund that invests in companies outside the United States. (Points : 1)
growth-income
income
international
industry
global market
Question 6.6. (TCOs 6 and 7) Teresa Jones is interested in an indirect real estate investment. An example of this would be (Points : 1)
a single-family dwelling.
a duplex.
an apartment.
land.
a participation certificate.
Question 7.7. (TCOs 6 and 7) Samuel may participate in a direct real estate investment opportunity, so he would only need to consider which option as an example of a direct real estate investment? (Points : 1)
Limited partnership
Real estate dwelling
Real estate syndicate
Real estate investment trust
Mortgage pool
Question 8.8. (TCOs 6 and 7) Which REIT pools money to finance construction loans? (Points : 1)
Mortgage REIT
Compound REIT
Hybrid REIT
Simple REIT
Equity REIT
Question 9.9. (TCOs 6 and 7) An investor holds legal title to a piece of property if he or she participates in what type of real estate investment? (Points : 1)
Ginnie Mae
Participation certificates (PCs)
REITs
Direct investment
Indirect investment
Question 10.10. (TCOs 6 and 7) You have purchased a condominium in Orlando, FL in order to rent out rooms to vacationers. What type of investment have you made? (Points : 1)
Direct investment in real estate
Indirect investment in real estate
Investment in precious metals
Investment in collectibles
Investment in gems
Question 11.11. (TCOs 6 and 7) All of the following are misconceptions about retirement planning except for which? (Points : 1)
My expenses will drop when I retire.
My retirement will last only 8 years.
I can depend on Social Security income and Medicare for medical bill payment.
I can depend on my company pension.
My savings will still be affected by inflation.
Question 12.12. (TCOs 6 and 7) The average life expectancy of a woman at age 65 is (Points : 1)
9 years.
16 years.
13 years.
11 years.
19 years.
Question 13.13. (TCOs 6 and 7) If your mortgage is largely or completely paid off, then you may be eligible for a (Points : 1)
reverse mortgage annuity.
variable annuity.
mortgage advance.
regional-based annuity.
mortgage package.
Question 14.14. (TCOs 6 and 7) As an individual approaches retirement age, he or she may consider (Points : 1)
increasing the face value of his or her life insurance.
increasing his or her property insurance coverage.
keeping his or her life insurance intact.
decreasing the face value of his or her life insurance.
exchanging his or her old life insurance policy with a new one.
Question 15.15. (TCOs 6 and 7) As people grow older, which type of housing is designed to allow people to stay in their homes more easily? (Points : 1)
Accessory apartment
ECHO unit
Rooming house
Universal design
Professional companionship arrangement
Question 16.16. (TCOs 6 and 7) Estate planning involves _____ if a person is married. (Points : 1)
the interest of at least two people
fewer legal requirements
fewer financial responsibilities
seeking the services of a securities broker
None of the above
Question 17.17. (TCOs 6 and 7) _____ refers to what Gerald Wilkins has in his possession and owns, including a home worth $250,000, a car worth $15,000, various investments worth $600,000, and other personal assets worth $25,000. (Points : 1)
A trust
A will
An estate
Probate
None of the above
Question 18.18. (TCOs 6 and 7) The definition of a will is that it is (Points : 1)
a synonym for a letter of last instruction.
a synonym for a prenuptial agreement.
a legal document authorizing someone to act on your behalf.
the legal declaration of a person’s mind as to the disposition of his or her property after his or her death.
a legal arrangement through which your assets are held by someone.
Question 19.19. (TCOs 6 and 7) Which is a will that leaves everything to your spouse when you die? (Points : 1)
A stated dollar amount will
A traditional marital share will
An exemption trust will
A simple will
Question 20.20. (TCOs 6 and 7) If you formulate a will using your own handwriting, this is called a(n) (Points : 1)
signature will.
formal will.
holographic will.
letter of last instruction.
informal will.