16. 17. 18. 19. 20. Which of the following is an example of a human resource? (A) money (B) time (C) knowledge (D) possessions Income paid as a percentage of sales made by salesperson is a (A) tip. (B) wage. (C) bonus. (D) commission. When one goal must be achieved in order to achieve another goal, the two goals are (A) important. (B) interdependent. (C) unattainable. (D) conflicting. Monthly rent payments are an example of what kind of expense? (A) discretionary (B) variable (C) fixed (D) emergency Social Security, Medicare, and Medicaid are examples of what? (A) entitlements (B) outsourcing (C) globalization (D) technological advances 2512 contin Consumer Ecor What does it mean for the federal income tax system to be a pay-as-you-earn system? 21. 22. 23. 24. 26. 25. What has been the impact of offshore outsourcing of jobs on American workers? Joan wants to get a $1,000 loan from her local bank. She finds out that the current interest rate is 17%. If Joan came to you for advice, would you tell her to get the bank loan or to not get the bank loan? Include a reason for your answer in your response to Joan. What are the steps involved in creating a budget? What are some benefits of the evaluation stage of the management process? Discuss the benefits of creating a good recordkeeping system for financial documents. How would a good recordkeeping system help during a tax audit?