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4. Chapter 16 Jeopardy

Date post: 03-Jun-2018
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    JeopardyTrue/False True/False Terms Short/LongQ$100

    Q$200

    Q$300

    Q$400

    Q$500

    Q$100

    Q$200

    Q$300

    Q$400

    Q$500

    FinalJeopardy

    A or L

    Q$100

    Q$200

    Q$300

    Q$400

    Q$500

    Q$100

    Q$200

    Q$300

    Q$400

    Q$500

    Q$100

    Q$200

    Q$300

    Q$400

    Q$500

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    $100 Question from True/False

    A balance sheet is a record of assetsand liabilities at a point in time

    True or False?

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    $100 Answer to True/False

    What is True.

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    $200 Question from True/False

    The difference between assets and

    liabilities is called your cash flow

    True or False?

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    $200 Answer to True/False

    What is False.

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    $300 Question from True/False

    Variable expenses are for the sameamount each timeTrue or False?

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    $300 Answer to True/False

    What is False.

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    $400 Question from True/False

    A budget variance is the difference between

    budgeted amounts and actual spendingTrue

    or False?

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    $400 Answer to True/False

    What is True.

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    $500 Question from True/False

    The most popular retirement incomeplan is the individual retirement

    account (IRA)True or False?

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    $500 Answer to True/False

    What is True.

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    $100 Question from True/False

    Cash inflows are the money youspend on food, clothing, and other

    living expensesTrue or False?

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    $100 Answer to True/False

    What is False.

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    $200 Question from True/False

    Estate planning includes the

    distribution of your property at

    deathTrue or False?

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    $200 Answer to True/False

    What is True.

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    $300 Question from True/False

    An annuity is a series of regularpayments made to a retired worker

    under a planTrue or False?

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    $300 Answer to True/False

    What is False.

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    $400 Question from True/False

    Financial planning generally reduces an

    individuals financial uncertaintiesTrue or

    False.

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    $400 Answer to True/False

    What is True.

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    $500 Question from True/False

    Putting together a good budget is avery time-consuming processTrue

    or False?

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    $500 Answer to True/False

    What is False.

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    $100 Question from Terms

    The amount of a paycheck after taxes

    and other payroll deductions.

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    $100 Answer to Terms

    What is net income or net pay?

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    $200 Question from Terms

    A report of your current financialcondition and a strategy for your

    financial future .

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    $200 Answer to Terms

    What is a financial plan?

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    $300 Question from Terms

    Items of value, such as money,

    investments, automobiles, and

    jewelry.

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    $300 Answer to Terms

    What are personal assets?

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    $400 Question from Terms

    The amount of money you plan to use for a

    certain budget category.

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    $400 Answer to Terms

    What is an allowance?

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    $500 Question from Terms

    Costs that occur on a regular basis,such as rent or mortgage payments.

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    $500 Answer to Terms

    What are fixed expenses?

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    $100 Question from Short or

    Long-Term

    Buying a new sweater.

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    $200 Question from Short or

    Long-Term

    Saving for a class trip to Washington,

    D.C.

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    $200 Answer to Short or

    Long-Term

    What is long-term?

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    $300 Question from Short orLong-Term

    Buying a new car.

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    $300 Answer to Short orLong-Term

    What is long-term?

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    $400 Question from Short orLong-Term

    Having your coat dry cleaned.

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    $400 Answer to Short or

    Long-Term

    What is short-term?

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    $500 Question from Short or

    Long-Term

    Going to a concert with friends.

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    $500 Answer to Short or

    Long-Term

    What is short-term?

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    $100 Answer to Asset or

    Liability

    What is an asset?

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    $200 Question from Asset or

    Liability

    Checking account.

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    $200 Answer to Asset or

    Liability

    What is an asset?

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    $300 Question from Asset orLiability

    Balance on store charge account.

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    $300 Answer to Asset orLiability

    What is a liability?

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    $400 Question from Asset orLiability

    Car loan.

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    $400 Answer to Asset or

    Liability

    What is a liability?

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    $500 Question from Asset or

    Liability

    Money borrowed to pay tuition.

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    $500 Answer to Asset or

    Liability

    What is a liability?

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    Final Jeopardy Question

    The age when traditional IRA

    (individual retirement account)contributions can be withdrawn but are

    then taxed.

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    Final Jeopardy Answer

    What is 59 ?


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