Question

pleh<3

Answer 1

26. Which of the following best defines health insurance? (1 point)
An annual contract between an insurance company and an individual
a type of insurance that protects your personal property if you are unable to pay your bills.
a type of insurance whereby the insurer pays the medical costs of the insured
27. a type of insurance that assists your loved ones in the event of your deat27. Which of the following illustrates the main difference between Medicare and Medicaid? (1 point)Medicare helps to insure the elderly, while Medicaid focuses on low-income individuals and families.
Medicaid helps to insure the elderly, while Medicaid insures low-income earners.
Medicaid helps to replace lost income for the poor.
Medicare is available only to those over the age of 65.

28. What is life insurance? (1 point)
Health insurance that covers you for the rest of your life
Insurance that supplements your income if your life is threatened
Insurance that assists your loved ones with income in the event of your death
Insurance that protects you in the event of an unexpected illness or accident that prevents you from working

29. Which of the following statements is not true about HMO insurance? (1 point)
It is a managed health care system.
In an HMO you can choose your own primary care physician (PCP), but specialists must be referred by the PCP.
In an HMO , you are assigned a primary care physician.
The letters stand for Health Maintenance Organization.

30. Which of the following might be considered positive aspects of HMOs. (1 point)
Free choice of primary care physician
Care from non-HMO provider not covered
Out-of-pocket expenses are usually low
Easy to receive specialized care

31. Which of the following might be considered a negative aspect of HMOs? (1 point)
Out-of-pocket expenses are usually high.
Not easy to receive specialized care
HMOs focus on preventative care
Free choice of primary care physician

32. On average, compared to a person with good credit a person with poor credit will pay __________ for insurance. (1 point)
5% to 10% more
10% to 15% more
20% to 50% more
55% to 70% more

33. How long does it take to rebuild your credit history? (1 point)
7 years
8 years
9 years
30 years

34. Secured debt means a lender gives you money in exchange for what? (1 point)
collateral
credit report
principal
interest

35. When an asset, such as a car, decreases in value over time what is it called? (1 point)
depreciation
financing
equity
leasing

36. If you miss one payment on a credit card, what's generally the penalty? (1 point)
a late payment fee
a higher interest rate
a lower available credit line
a negative notation on your credit report

37. If you miss two payments on a credit card, what's generally the penalty? (1 point)
a late payment fee and a lower available credit line
a higher interest rate and a late payment fee
a late payment fee
a negative notation on your credit report

38. What are expenses that do not change called? (1 point)
stable costs
fixed costs
variable costs
known costs

39. What is the margin of safety? (1 point)
How much sales can fall before a business starts making less than 5% profit
How much sales can fall before a business makes less than 15% profit
How much sales can fall before a business starts taking a loss
none of the above

40. The two components of ______________ are variable and fixed costs. (1 point)
entire cost
required cost
complete cost
total cost

41. What are expenses that change as conditions change? (1 point)
changing costs
fixed costs
moderate costs
variable costs

42. What can be the best type of safety net in hard times? (1 point)
Gambling
Mortgage
Rental property
None of the above

43. Real estate is considered a(n) _____ investment. (1 point)
illiquid
liquid
sure
partially–liquid

44. Individual mortgage interest rates are generally determined by what? (1 point)
The economy
The individual's credit score
The property value
The state the property is located in

45. What is PMI? (1 point)
Personal mortgage issuance
Personal mortgage investment
Personal mortgage insurance
Personal mortgage interest

46. Why is investing in gold beneficial? (1 point)
It is easy to mine.
It is considered a stable investment.
Gold is more expensive than stocks.
The value of hold is subject to inflation.

47. What is an entrepreneur? (1 point)
a sole proprietorship
a corporation
one who opens a new business
a bank that loans money

48. Which of the following is the best definition of probable operating costs? (1 point)
Amount of money required to start a business
Amount of money required to market a business
Amount of money required to purchase business equipment
Amount of money required to keep a business running

49. Which of the following is a start–up cost associated with opening a business? (1 point)
Equipment
Legal fees/licensing
Insurance
All of the above

50. Which of the following is an example of an unsecured bank loan? (1 point)
Credit card debt
Bank overdrafts
Corporate bonds
All of the above

Answer 2

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Answer 3

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