Test Bank For Personal Finance 13th Edition by E. Thomas Garman

Test Bank For Personal Finance 13th Edition by E. Thomas Garman

Test Bank For Personal Finance 13th Edition by E. Thomas Garman is a comprehensive resource for instructors to create quizzes and exams for their personal finance course. This test bank contains a variety of multiple-choice, true/false, and short answer questions that cover a wide range of personal finance topics.

The 13th edition of Personal Finance provides students with practical and relevant information to help them make informed decisions about their finances. It covers a variety of personal finance topics such as financial planning, budgeting, credit, debt management, insurance, investments, and retirement planning. The book is written in a clear and easy-to-understand language, making it accessible for students of all backgrounds.

The test bank for Personal Finance 13th edition is organized by chapter and provides instructors with a variety of questions to assess student knowledge and understanding. The questions are based on the learning objectives outlined in each chapter and are designed to test students’ comprehension of the material covered.

Chapter 03—Financial Statements, Tools, and Budgets

1. Financial planning focuses primarily on spending wisely.

a.  True

b.  False

ANSWER:   False

POINTS:   1

DIFFICULTY:   Easy

REFERENCES:   Identify your financial values, goals and strategies

QUESTION TYPE:   True / False

HAS VARIABLES:   False

KEYWORDS:   Bloom’s: Understanding

OTHER:   Analytic

NOTES:   financial planning also includes the management of risk and plans for capital accumulation 3.1

DATE CREATED:   9/22/2017 12:59 AM

DATE MODIFIED:   9/26/2017 1:24 AM

2. Financial planning begins by acquiring a good job that provides a person with enough extra income to manage.

a.  True

b.  False

ANSWER:   False

POINTS:   1

DIFFICULTY:   Moderate

REFERENCES:   Identify your financial values, goals and strategies

QUESTION TYPE:   True / False

HAS VARIABLES:   False

KEYWORDS:   Bloom’s: Understanding

OTHER:   Analytic

NOTES:   financial planning begins by examining values and setting financial goals. 3.1

DATE CREATED:   9/22/2017 1:00 AM

DATE MODIFIED:   9/26/2017 1:27 AM

3. Financial planning is the process of developing and implementing short-term plans to achieve financial objectives.

a.  True

b.  False

ANSWER:   False

POINTS:   1

DIFFICULTY:   Easy

REFERENCES:   Identify your financial values, goals and strategies

QUESTION TYPE:   True / False

HAS VARIABLES:   False

KEYWORDS:   Bloom’s: Remembering

OTHER:   Analytic

NOTES:   financial planning is long-term. 3.1

DATE CREATED:   9/22/2017 1:01 AM

DATE MODIFIED:   9/26/2017 1:27 AM

4. Financial planning is a single, customized plan regarding a person’s financial affairs.

a.  True

b.  False

ANSWER:   False

POINTS:   1

DIFFICULTY:   Easy

REFERENCES:   Identify your financial values, goals and strategies

QUESTION TYPE:   True / False

HAS VARIABLES:   False

KEYWORDS:   Bloom’s: Understanding

OTHER:   Analytic

NOTES:   financial planning involves a series of plans. 3.1

DATE CREATED:   9/22/2017 1:03 AM

DATE MODIFIED:   9/26/2017 1:29 AM

5. Financial planning is only for the rich.

a.  True

b.  False

ANSWER:   False

POINTS:   1

DIFFICULTY:   Easy

REFERENCES:   Identify your financial values, goals and strategies

QUESTION TYPE:   True / False

HAS VARIABLES:   False

KEYWORDS:   Bloom’s: Understanding

OTHER:   Analytic

NOTES:   people of all income and wealth levels benefit from doing financial planning. 3.1

DATE CREATED:   9/22/2017 1:04 AM

DATE MODIFIED:   9/26/2017 1:29 AM

6. Values have little impact on financial goals.

a.  True

b.  False

ANSWER:   False

POINTS:   1

DIFFICULTY:   Easy

REFERENCES:   Identify your financial values, goals and strategies

QUESTION TYPE:   True / False

HAS VARIABLES:   False

KEYWORDS:   Bloom’s: Understanding

OTHER:   Analytic

NOTES:   personal values are the starting point for setting financial goals. 3.1

DATE CREATED:   9/22/2017 1:05 AM

DATE MODIFIED:   9/26/2017 1:30 AM

7. It is not necessary that your values be consistent with your financial and lifestyle goals.

a.  True

b.  False

ANSWER:   False

POINTS:   1

DIFFICULTY:   Easy

REFERENCES:   Identify your financial values, goals and strategies

QUESTION TYPE:   True / False

HAS VARIABLES:   False

KEYWORDS:   Bloom’s: Understanding

OTHER:   Analytic

NOTES:   financial and lifestyle goals should be consistent with your values

DATE CREATED:   9/22/2017 1:07 AM

DATE MODIFIED:   9/26/2017 1:31 AM

8. Values are fundamental beliefs regarding what consumer goods are worth.

a.  True

b.  False

ANSWER:   False

POINTS:   1

DIFFICULTY:   Easy

REFERENCES:   Identify your financial values, goals and strategies

QUESTION TYPE:   True / False

HAS VARIABLES:   False

KEYWORDS:   Bloom’s: Understanding

OTHER:   Analytic

DATE CREATED:   9/22/2017 1:09 AM

DATE MODIFIED:   9/26/2017 1:31 AM