EPF Module Three Post Assessment Review
Quiz by Gina
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- Q1
___________ are service organizations typically controlled by members of a family or by a small group of individuals and receive much of its financial support from fewer sources.
Non-Profit Organizations
Private Foundations
Public charities
Crowdfunding websites
300s - Q2
Altruism is ___________.
Pointless because no one notices
Not a good way to strengthen positive feelings about yourself
Not a good way to strengthen communities
Contagious and promotes social connection
300s - Q3
Polls show that charitable donations are _______.
Are higher than usual
At the lowest level on record
On average levels
There is not sufficient data to collect such polls
300s - Q4
How can someone make money from investing in a stock?
They receive dividends from the company they bought the stock of and/or they sell the stock at a higher price than what they bought it for.
They sell the stock for the same price they bought it for.
The stock loses value but the overall market experiences a positive return.
They sell the stock for a lower price than what they bought it for.
300s - Q5
Carl is a young adult and always has money left over in his account at the end of the month and has saved something. He doesn't really know how much he spends or exactly how much he makes, but he doesn't really think too much about it since he sees his savings account grow. What is true about Carl in terms of a financial plan?
Carl has a great financial plan because he is saving each month. That's all that matters.
Carl should be speculating. Since he is young, he must be taking some riskier moves with his money to have a good financial plan
investing some money or saving for retirement with some of the money left over. As long as he is putting some money away for the future, he will be fine.
determining his expenditures and developing a more specific savings plan (with targeted goals for the money left over). This plan should take into account his needs for the future
300s - Q6
How is a bond different from a stock?
Bonds are typically riskier than stocks but have the potential to earn higher returns.
A bond is a loan you give to an organization while a stock is partial ownership in the company.
A bond is usually issued by smaller, startup companies while stocks are with well-established organizations.
Bonds are best for earning high returns while stocks are best for providing a stable source of income.
300s - Q7
All of the following are examples of donations EXCEPT:
Community service
Crowdfunding
Goods
Financial contributions
300s - Q8
The amount of money you have left over after you list your assets and subtract your debt is called ______.
Budgets
Wealth
Financial Plan
Cost of living
300s - Q9
The biggest difference between altruism and philanthropy is ________.
Philanthropists focus on donating money, and if you are being altruistic you are donating your time or performing a service for someone.
Altruism involves supporting an organization and philanthropy involves everyday kind acts.
Philanthropy has the goal of increasing the well-being of the world and/or mankind.
Altruism has the goal of increasing the well-being of the world and/or mankind.
300s - Q10
Which of the following is NOT a reason for altruism?
Moral reasons
Gives us a good reputation
Makes us happy
Good for health
300s - Q11
If Zach wants to find someone to professionally manage his investments with a mix of stocks and bonds, what should he do research on?
Mutual Funds
Day-trading
Certificates of Deposits
Money Market Accounts
300s - Q12
Fraudulent charities frequently collect donations in the following ways:
email, phone, commercials
fundraiser events, email, phone
commercials, phone, door-to-door
email, phone, door-to-door
300s - Q13
Judi has some disposable income that she would like to see if she can get a high return for in a short amount of time. She is a risk taker and is willing to gamble her money knowing there is a high potential for loss, as well as gain. What would you suggest for Judi?
Paying off debt
Saving
Investing
Speculating
300s - Q14
Sam's employer matches a portion of his contributions to a 401k. This is essential for Sam to consider when planning how to allocate his cash flow because ______.
It means his company is going to provide dividends each year from the growth that occurs in those accounts.
It's essentially getting free money. The more he puts away in his 401k account, the more free money he gets.
It really doesn't impact him at all. This is a standard practice for all companies that he doesn't need to take advantage of.
He doesn't have to save as much knowing he can collect money from his company at retirement age.
300s - Q15
Why do people recommend diverse portfolios?
Investing in a diversified portfolio guarantees that you won’t lose money with your investments.
Diversifying your portfolio helps reduce risk.
If you tell your fund manager to use diversification, they’ll charge you lower fees.
If you diversify your portfolio, you are guaranteed to make a high return.
300s