1) What is one reason why the government would provide financial assistance to an entrepreneur?

A) to decrease the high rate of failure of new businesses B) to encourage the invention and development of products

C) to stimulate the economy while decreasing unemployment D) to limit the amount of personal funds used to start the business

2) Geoff rents an apartment with a monthly rent of $850. He owns the furniture in the apartment, which is

worth $3,500, and he owns his car, which is worth $6,000. Geoff has a balance of $1,225 on his credit

card and has $3,560 in a savings account.

Which is one of Geoffs liabilities?

A) the car B) the furniture C) the savings account D) the credit card

3) The chart shows pricing and payment options for two big-ticket items.

If someone was unable to pay cash, which financing option would be better for the laptop and for the refrigerator?

A) rent-to-own; installment B) installment; rent-to-own C) rent-to-own; rent-to-own D) installment; installment

4) Anthony likes hands-on learning so he is looking for a career with post-secondary training that is more hands on and less classroom based. Based only on this criteria, which career should Anthony choose last?

A) auto technician B) HVAC (heating, ventilation, air-conditioning) technician C) marine biologist D) building construction

5) A commodity in which someone invests might include a

A) mutual fund. B) natural resource. C) thriving company. D) certificate of deposit.

6) What must people taking out a mortgage agree to? CHECK ALL THAT APPLY.

A) a loan amount B) plans for repairs C) an interest rate D) renovation ideas E) payment terms