1. A salesperson who has been negotiating sales terms with a client feels that the client's terms would be harmful to her/his company's well being. What action should the salesperson be prepared to take?

2. Regular credit accounts are sometimes called open accounts because they allow

3. Olivia is assessing the risks associated with starting a new business. She is considering how her professional reputation will be affected if her new business is not successful. What type of risk is Olivia considering?

4. What type of financial adviser is most likely to provide good overall advice about investment products?

5. Which of the following is the result of both parties using the collaborative negotiation style during a negotiation:

6. Which of the following statements best describes the difference between an occupation and a career:

7. Choosing to buy an item at the checkout counter is often an example of

8. Josh took out a student loan to pay for his college education. Josh's loan is an example of a(n) __________ debtor-creditor relationship.

9. Marco doesn't like to leave much to chance, so when it comes to investing his money, he knows that he wants something relatively low-risk. He decides to invest in a combination of stocks from different corporations in different industries because it is less risky than investing in just one stock. What type of investment does Marco select?

10. Which of the following is the opportunity cost for a person who decides to place $500 in the bank rather than purchase something s/he really wants but does not need:

11. Why should an investor who wants to actively trade his/her investment choose an ETF instead of a mutual fund?

12. To learn objective information about a news topic, you should

13. Financial planning is important because it can help you

14. Erin plans to use the income she earns from her part-time job to attend college part-time. So far, Erin has saved $2,000 to use for a tuition bill of $1,900 in a few weeks. Unfortunately, her car needs repairs costing $1,000. Without a car, Erin won't be able to travel to work, causing her to lose $500 in wages each week. Which of the following solutions would help Erin make the best use of her resources:

15. Annie and her husband Jeff want to buy a house. Which of the following financial-services providers could help them explore mortgages, create a strategy for home buying, and determine how much they can spend on their new home:

16. Connor thinks that he may be interested in pursuing a career as an insurance underwriter. He accessed a government website, which provided him with information about an insurance underwriter's educational requirements, typical job responsibilities, salary ranges, and

17. Which of the following is a true statement regarding inflation's effects on the economy:

18. Lucy has decided to open a restaurant. What kind of lending service might she need?

19. Carmen has 8% of her weekly paycheck placed in an employer-sponsored fund that she can access later in her life, when she is no longer working. Carmen is planning for her

20. Incorrect information on an individual's credit report may hinder his/her ability to

21. Patrick wants to keep a certain amount of his money in a safe place in which he can earn interest on his savings, and also be able to withdraw his funds without experiencing sizable financial penalties. In what type of financial institution should Patrick consider placing his money?

22. Many consumer loan applications require the borrower to indicate assets or personal property that the lender may acquire if the loan is not repaid. These loans are secured by

23. What is an example of good debt?

24. When a customer is permitted to pay his/her credit account in full in 30 days, or make a minimum payment and be charged a finance charge on the balance, s/he has a(n) __________ account.

25. Dan is working part-time delivering pizzas. He has a new credit card with 0% interest, a credit limit of $5,000, and no minimum payment required for the first six months. The card also grants 1% cash back for all purchases. How can he wisely handle his account for the first six months?