List the ten principles of personal finance
What will be an ideal response?
Answer:
Principle 1: The best protection is knowledge.
Principle 2: Nothing happens without a plan.
Principle 3: The time value of money
Principle 4: Taxes affect personal finance decisions.
Principle 5: Stuff happens, or the importance of liquidity.
Principle 6: Waste not, want not—smart spending matters.
Principle 7: Protect yourself against major catastrophes.
Principle 8: Risk and return go hand in hand.
Principle 9: Mind games, your financial personality, and your money
Principle 10: Just do it!
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Which of the following is an advantage of adding new channels in a multichannel distribution system?
A) limiting market complexity B) reducing control over the system C) expanding sales and market coverage D) decreasing marketing needs and costs E) minimizing mass customization of products
(CMA Dec 95 #2) Refer to the Alsup Company example. Alsup Company uses the direct method to prepare its statement of cash flows at December 31, Year 4 . The interest that is paid to bondholders would be reported in the
a. Financing Section, as a use or outflow of cash. b. Operating Section, as a use or outflow of cash. c. Investing Section, as a use or outflow of cash. d. Debt Section, as a use or outflow of cash. e. Financing Section, as a source or inflow of cash.
The term law refers exclusively to rules created and enforced by federal, state and local governments
a. True b. False
Which types of partners in a limited partnership should participate in management?
A) General partners only, unless there are no general partners, and in that case, limited partners participate in management. B) General partners only. C) Both general and limited partners. D) Limited partners only.