Unit Test — Unit test Answers

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21
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Which is a monetary benefit in a compensation package?

A
salary increase
B
retirement plan
C
medical insurance
D
flexible spending account
22
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Which scenario best describes the endowment effect?

A
Marek throws out a functional desk to buy a new one that matches his room's decor.
B
Carlos prices his collection of comic books above market value because of the joy they bring him.
C
Anisa donates her old toys to charity, feeling good about the decision to declutter and help others.
D
Bella keeps her grandmother's watch, even though it's worth much less than the current smartwatches.
23

Alejandro lives in a small apartment, within walking distance to school. He takes the bus to work where he makes $10 per hour after taxes and works 30 hours per week. He wants to save money to buy a $6000 car within the next 2 years. How could a monthly budget be created to help Alejandro meet his financial goals? Select the best option. Monthly Budget Budget A Budget B Budget C Budget D Income $1,500 $1,500 $1,200 $1,200 Expenses- Rent Utilities Food Bus Pass Savings $600 $100 $150 $25 $250 $600 $100 $550 $25 $250 $600 $100 $250 $25 $250 $600 $100 $150 $25 $250

A
Budget A
B
Budget B
C
Budget C
D
Budget D

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