831. Which of the following would increase the break-even output level?

C. Higher production costs per unit of output.
D. Higher selling prices for each unit sold.

832. Which of the following would be used in a capital investment decision?
A. How long the project will last for when using ARR
B. Discount factors when using ARR.
C. Sunk costs.
D. Revenues received after the payback period when using the payback method.

833. Which of the following is not a type of decision made to protect your assets and to plan beyond your career?
A. How much money to spend on stereo equipment
B. How much insurance you need
C. How much money you must save per year so that you can retire in a specific year
D. How much money you will need for retirement

834. Which of the following is not a type of decision made to manage your liquidity?
A. How much money you can borrow to spend on a car
B. How much money you should maintain in your checking account
C. Whether you should use credit cards as a means of borrowing money
D. How much money you should maintain in your savings account

835. If your income exceeds the amount that you wish to spend, you should __________ your investments or __________ loans.
A. reduce; repay existing
B. increase; repay existing
C. increase; obtain more
D. reduce; obtain more

836. Which of the following is not a step in developing the financial plan?
A. Evaluate your financial plan.
B. Establish your financial goals.
C. Identify alternative plans that could achieve your goals.
D. All of the above are steps in developing the financial plan.

837. Which of the following is incorrect?
A. The career choice is restricted to students who are just completing their education
B. Many people change their career over time.
C. A shift to a new career should be influenced by your views of what will satisfy you.
D. All of the above are correct.

838. The financial plan of a person in a different financial position than yourself would be
A. the same as your financial plan.
B. different from your financial plan.
C. different from or the same as your financial plan, depending on the person’s financial goals
D. None of the above

839. An appropriate financial plan will probably not be influenced by one’s
A. age.
B. wealth.
C. career decision.
D. An appropriate financial plan will probably be influenced by all of the above

840. Communication should be:
A.From Top to Bottom level
B.From Bottom to top
C. 2 way
D. None of these

NOTE
IF YOU THINK ANY OF THE MCQ ABOVE IS WRONG.
PLEASE COMMENT WITH CORRECT ANSWER AND ITS DETAIL EXPLANATION IN COMMENT BOX.
THANK YOU

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