Question 7 (3 points) For which business structure might your personal assets be seized by creditors to pay the debts and obligations of the business? I. sole proprietorship II. limited liability company III. corporation IV. serving as the limited partner in a limited partnership Oll only O II and III only I only O Ill only I and IV only Question 8 (3 points) Choose the answer which best completes the following sentence. Based upon the material discussed during lectures, _____ is more prevalent near the top of the stock market and ______ is more prevalent near the bottom of the stock market. greed; enthusiasm O pessimism; optimism O fear; greed O greed; fear Question 9 (3 points) Suppose you have a 20/40/10 split limit auto insurance policy. Which of the following accident events would result in you personally having to pay the largest amount of money beyond the damages covered by your auto insurance's liability coverage? You cause an accident resulting in $35,000 in medical expenses to the other driver (the only occupant of the other vehicle) and $8,000 in damage to his vehicle. You cause an accident resulting in $20,000 in medical expenses to each of the two occupants of the other vehicle and $10,000 in damage to their vehicle. You cause an accident resulting in $23,000 in medical expenses to the other driver (the only occupant of the other vehicle) and $8,000 in damage to his vehicle. You cause an accident resulting in $12,000 in medical expenses to the other driver (the only occupant of the other vehicle) and $12,000 in damage to his vehicle. Question 10 (3 points) Which of the following was NOT one of the elements of an effective financial plan according to the textbook? Feelings of control O Money in the bank O Financial knowledge O Financial experience Risk tolerance