BUSN 380 DEVRY COMPLETE QUIZ PACKAGE

financial cycle
adult life cycle
personal economic cycle
tax planning process
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) The simple calculation of interest can be performed by multiplying the
amount in a savings account by the
annual interest rate.
annual interest rate and the time period.
number of months in a year.
time period and number of months.
time period.
Question 9. Question : (TCO 1) Brad Opper has a goal of “saving $50 a month for vacation.” Brad’s goal
lacks
a realistic perspective.
specific terms.
the type of action to be taken.
a purpose.
a time frame.