Question $35$

A negative net worth results when

A$.$ You claim bankruptcy.

B$.$ Your assets are sold at auction, but the proceeds cannot sever your liablities

C$.$ The value of debit or liabilities is actually greater than ing assets value

D$.$ Assets $-$ liabilities $=0$

Question $36$

A defined benefit plan is a retirement plan funded by the employer, who promises $-$The employer can$-$that

establishes a retirement plan for its employees

A$.$ future employment upon retirement: only be a government entity

B$.$ social security benefits or future employment, only be a government entity

C$.$ social security benefits, be a corporation, labor union, government and other organization

D$.$ the employee a specific benefit upon retirement; be a corporation, labor $,$ union, government, or other organization

Question $37$

Which statement is TRUE!

A$.$ Only an ATM card may be used to directly transfer funds to the time of purchase; money is withdrawn from your account and transferred to the payee with one quick swipe to checkout

B$.$ Balancing your checkbook is not a useful tool to reconcile your personal record with the bank's records of your checking account activity because bank records are automated and thus always accurate

C$.$ Government agencies do not offer direct deposit because the process is inefficient and an insecure method of distributing funds

D$.$ Most consumers use a checking account as a primary cash flow management tool that provides a way to pay for expenses and store cash until it is needed

Question $38$

What are the appropriate uses of debt?

A$.$ Car leases, payday loans, and mortgages

B$.$ Mortgages

C$.$ car loans and mortgages

D$.$ finance consistent budget variances

Chapter $39$

Which of the following statements is correct:

A$.$ If the costs of debt are low, a company will seek equity investors willing te contribute capital in exchange for an unspecified share of the company's profits at some time in the future

B$.$ Stock represents those shares in the company's future and the right to a say in how the company is run.

C$.$ An angel investor, venture capital firm, or private equity firm finance companies in the late stages in exchange for a management stake in the company

D$.$ If debt is not desirable, then the company can borrow money from the board of directors to raise capital.

QUESTION $40$

Select the FALSE statement:

A$.$ Once you have discovered a significant budget variance, you need to analyze whet caused it so that you can address it property.

B$.$ A budget variance occurs when the actual results of your financial activity differ from your budgeted projections.

C$.$ in order to adjust for budget variances, you just need to can additional income or use your credit card to cover your expenses.

d In order to adjust for budget variances, spend less for other expenses in order to keep your total expenses within your budget.