Question 13 (1 point) The benefit of equity is that you can profit from an asset without owning it. store wealth and generate income. cash in on the future value of an asset. a. and b. b. and c. Question 14 (1 point) Saved Financial planning software exists for all the following purposes EXCEPT income and expense budgeting. mortgage repayment. managing retirement savings. a. and b. a., b., and c. Question 15 (1 point) You finance your life and way of living through income you earn by selling your labor or capital. True False Question 16 (1 point) All of the following financial ratios should be greater of bigger EXCEPT total debt. interest coverage. return on assets. return on net worth. cash flow to income. Question 17 (1 point) Shannon's monthly expenses exceed her monthly income. She has no way to increase her income just now, so her best choice to reduce her budget deficit is to find ways to cut spending. use her savings. seek a small loan to tide her over. a. and b. a., b., and c. Question 18 (1 point) The sources of capital other than income from employment are equity and debt. True False Question 19 (1 point) Saved The price of labor is the wage that an employer, the buyer of labor, is willing to pay to the employee, the seller of labor. True False Question 20 (1 point) Saved Personal bankruptcy may occur when your debts are greater than the value of your assets. True False