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Ch. 1 Multiple Choice Quiz

Ch. 1 Multiple Choice Quiz -...

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Multiple Choice Quiz (See related pages) Results Reporter Out of 10 questions, you answered 10 correctly with a final grade of 100% 10 correct (100%) 0 incorrect (0%) 0 unanswered (0%) Your Results: The correct answer for each question is indicated by a  . CORRECT An example of a personal opportunity cost would be: A) The time it takes you to drive to work. B) Sleeping only four hours a night. C) The time spent shopping that reduces the time available for studying. D) The fact that you work forty hours a week E) All of the above are examples of personal opportunity costs. Feedback: You are correct. There is a trade off mentioned. CORRECT Creating a current cash flow statement and balance sheet help with which step of the financial planning process? A) Determining your current financial position B) Developing financial goals C) Identifying alternative courses of action D) Evaluating alternatives
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