Define financial literacy and financial planning in your own word

Answers

Answer 1

Answer:

Financial literacy is the capacity to grasp and use different financial skills effectively.


Related Questions

The price of a ranchette estate is $260,000. The bank requires a 15% down payment and 3 points at the time of closing. The cost of the ranchette is financed with a 30-year fixed-rate mortgage at 7.45%. What is the mortgage amount? *

Answers

Answer:

Missing word "and the cost of one point at the time of closing"

Down payment = $260,000*15%

Down payment = $260,000*0.15

Down payment = $39,000

Amount of mortgage = $260,000 - $39,000

Amount of mortgage = $221,000

Cost of 3 point at the time of closing = 3% of amount of mortgage

Cost of 3 point at the time of closing = 3% * $221,000

Cost of 3 point at the time of closing = $6,630

Match the following.

1. the system responsible for carrying blood through the body; the blood carries important nutrients, oxygen, and waste
2. an organism that can only be seen under a microscope; it cannot be seen with the human eye
3. an instrument used to magnify objects
4. critical element needed for cellular respiration; the brain cannot survive without oxygen

circulatory system
microorganism
oxygen
microscope

Answers

Answer:

1. Circulatory system

2.Microorganism

3. Microscope

4. Oxygen

Will the grading period effect what college you will go to later on?
A (True)
B (False)

Answers

Answer: A

Explanation:

Answer:

NO

Explanation:

What is the area of this figure?

Enter your answer as a decimal in the box.

Answers

81 +18+31.5 so 130.5

Differentiate the Single and Double Entry Book-Keeping in your own words. Furthermore, briefly explain the objectives of Double Entry Book-Keeping.

Answers

Answer:

See below

Explanation:

A single entry book keeping is when a cash book is being maintained to record income and expenses. In a single entry book keeping, only one entry is made per transaction like we have in check register.

Double entry book keeping is when an accounting entries have two sides, debit and credit leg. The right hand side is the debit while the left side is the credit.

Objectives of double entry book keeping

• To provide accurate recording of business transactions to management

• When there are problems in financial matters, book keeping assist in solving this problems through its systematic record of financial transactions .

• Book keeping also provide information to the management for making plans and decisions relating to finances.

Click this link to view O*NET’s Tasks section for Human Resources Managers. Note that common tasks are listed toward the top, and less common tasks are listed toward the bottom. According to O*NET, what are some common tasks performed by Human Resources Managers? Check all that apply.

analyzing and modifying compensation and benefits policies
identifying new ways to market a product to potential customers
advising managers on organizational policy matters
performing difficult staffing duties
conducting interviews with customers to determine what they want
serving as a link between management and employees

Answers

Answer:

a. c. d. f

Explanation:

i got them right !

True or False?
Social workers work at both the state and national level.

Answers

True




Explanation: because true

When was the International Association of Exhibitions and Events founded?

Answers

Answer:

1928

Explanation:

hope this help:)) 100% correct

Answer: 1928

Explanation:

The process of controlling and making decisions about a business is called:
O Leadership
O Management
O Administration

Answers

Answer:

B. Management.

Explanation:

Management can be defined as the process of controlling and making decisions about a business.

The management comprises of top executives, board of directors or managers who generally control the affairs of a business firm or company.

Basically, they are saddled with the responsibility of defining the policies, set of rules, standards, and procedures so as to preserve or protect the company's assets, boost efficiency, enhance financial accountability, and prevent fraudulent behaviors among the employees.

Also, the decision-making process or responsibilities is essentially vested on the management of a business. Therefore, the management is typically responsible for the success, growth and development of their business.

1. Why is career education so important for teens?

Answers

Because in the future it will help you decide what you want to do

In which type of bank do investors
pool their money into a collective
business in order to help each other?
A. Commercial banks
B. Credit union
C. Savings and loans bank
D. Brokerage firms

Answers

the correct answer is answer b. a credit union

The kind of bank do investors pool their money into a collective business in order to help each other is a credit union. Thus, option B is correct.

What is a Credit Union?

A credit union, which is comparable to a commercial bank, is a member-owned nonprofit financial cooperative. Credit unions often provide their members services similar to retail banks, such as deposit accounts, credit, and other financial services.

Credit unions, like banks, accept deposits, make loans, and offer a variety of other financial services. Credit unions, on the other hand, being member-owned and cooperative entities, offer a secure place to save and borrow at competitive rates.

A credit union is a customer/member-owned financial cooperative that is democratically governed by its members and exists to maximize the economic advantage of its customers by providing banking services at competitive and fair prices. Hence, option B is correct.

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The Off-Price Store Supply House LLC offers a
trade-discount rate which is 4 times its complement. The net
price is $19.99.
a. What is the list price?
b. What is the trade discount?

Answers

Answer: List price = $99.55

Trade Discount = 80%

Explanation:

Let the complement be represented by x

Trade discount will then be = 4x

Complement + Trade Discount = 100%

x + 4x = 100%

5x = 100%

x = 100%/5

x = 20%

Complement = 20%

Trade Discount = 4x = 4 × 20% = 80%

List price = Net price / Complement of trade discount.

= $19.99 / 20%

= $19.99 / 0.2

= $99.95

you've been working for a while, but your sister just got a job and is excited to have some of her "own" spending money. Money burns a hole in her pocket. What are some ideas on how she can save some money?

Answers

Answer:

She can put the money in a savings account and only buy thing she needs not wants.

Explanation:

Why is it important that the whole organization works toward the strategic plan? How do the departments affect each other in reaching their goals?

Answers

Answer:

Its important because if not it will flop and will most likely fail or go into debt, they effect eachother by trying ti be better than the other so a compétition tge whole time.

Explanation:

if this makes sense

There is not a deadline for the "T" part of the SMART goal-writing criteria.
2 points
True
False

Answers

True explanation is I know

Answer:

FALSE I know bc I just did it

Explanation:

Match each business model with the advantage it brings.​

Answers

Answer:

1. Subscription.

2. Bait and Hook.

3. Cutting out the Middleman.

Explanation:

Some of the commonly used business models across the world include the following;

1. Subscription: steady revenue and predictable profits. It is a business model which typically involves customers paying a recurring fee or price (revenue) for the use of a particular product or service. These customers are usually charged either on a monthly or annual basis. An example is the subscription for paid cable tv by various customers.

2. Bait and Hook: attractive prices for basic product. It is also referred to as the razor and blade business model. Bait and Hook typically involves selling a product at a very low price so as to gain the attention of the buyer and selling a complementary product (refill) to the same buyer at a very high price. An example is a mobile phone (bait) and airtime plus data (hook).

3. Cutting out the Middleman: reduction in transaction costs and processing time. It typically involves the elimination of an intermediary (middleman) in the supply of goods and services to the end users or customers.

An example is the business to consumer (B2C) company such as Walmart, Uber, etc.

What type of businesses are open "24/7"?

Will mark brainliest!

Answers

Answer: Commercial business. 24/7 service might be offered by a supermarket, convenience store, ATM, automated online assistant, filling station, restaurant, concierge services or a staffed datacenter, or a staffing company that specializes in providing nurses since often nurses cover shifts 24/7 at hospital which are open 24/7.

Explanation:

Which of the following statements is most true of order-getting salespeople?
A They seek out possible buyers and use an organized, creative
approach to present messages.
B. They call on buyers further down the marketing channel than their
company's own customers.
C. They focus on completing sales accurately and courteously.
D. Their role is a less expensive kind of selling than order taking.

Answers

Answer:they seek out possible buyers and sue an organized creative approach to present messages

Explanation:

The following statements are most true of order-getting sales people  They seek out possible buyers and use an organized, creative. Thus option (A) is correct.

What is Sales?

A sale is an agreement between a buyer and a seller in which the seller exchanges money for the sale of tangible or intangible products, assets, or services. There are two or more parties involved in a sale. A sale, or a contract between two or more parties, such as the buyer and seller, can be thought of in larger terms.

The following statements are most true of order-getting salespeople  They seek out possible buyers and use an organized, creative.

Therefore, Thus option (A) is correct.

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Select all that apply.

Learning styles include all of the following:


bodily/kinesthetic

verbal/linguistic

naturalistic

personal

Answers

Answer:

bodily/kinesthetic

verbal/linguistic

Explanation:

Learning styles can be regarded as range of competing as well as contested theories which analyse

differences that exist learning of in individuals. It should be noted that the Learning styles includes

✓bodily/kinesthetic

✓verbal/linguistic

Answer:

verbal/linguistic

bodily/kinesthetic

naturalistic

Explanation:

checked answer on Odyssey

a store at the mall having a minimum age requirement for workers is an example of which category of employee rights?

A. employee polygraph protection
B. workers compensation
C. workplace safety and health
D. wages and hours ​

Answers

Answer:D

Explanation:

I believe !

An example of a category of employee rights is a store in a mall that has a minimum age restriction for employees. Another example is salaries and hours. Hence option D is correct.

What rights do workers have?

You won't experience bullying or unjust treatment because of your race, colour, religion, sexual orientation, gender identity, national origin, handicap, age, or genetic information. Equal payment is made for comparable effort.

The Act establishes and makes clear three rights for employees: a "right to know" about the risks associated with their employment, a right to report workplace hazards to OSHA, and a right to protection against reprisals for exercising OSHA-protected rights.

Elimination of all forms of child labour, effective outlawing of forced or involuntary labour, and the abolition of discri mination based on unjust treatment employment and occupation, the right to associational freedom, and.

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What primary risk are business owners taking when selling shares of their companies?

Answers

answer:

giving away a percentage of their company and maybe losing their power as only one leader.

explanation:

this question was already answeredcredits: https://brainly.com/question/1957314

You are applying to a job after reading the listing on a job board website. The
listing requests that applicants email a copy of their resume to the company's
recruiter. What's the best way to send your resume?

Answers

Answer:

via e mail

the reason for this the company is requiring applicants email and a copy of their resume

What is an index fund? Explain in your own words.

Answers

Answer:

An index fund is a mutual fund or exchange trade fund designed to follow certain present rules so that the fund can track a specified basket of underlying investments

8. If the price of a good changes from £5 to £4 and demand change from 100 to 120 units, the PED
will be...
(1 Point)
-0.25
-1.0
-0.2
-2.0

Answers

Answer:

Explanation:

dvsf

how does the government pay for roads, schools, and emergency services?

Answers

Answer:

Taxes

Explanation:

The government pays for the roads, schools, and emergency services by collecting taxes.

What are taxes?

Taxes are obligatory contributions made by individuals or organizations by a government agency — whether local, regional, or national.

Tax revenue supports government services, including public works and services such as roads and schools, or programs such as Community Safety and Medicare.

The Internal Revenue Service (IRS) is responsible for collecting income taxes in the United States.

The cost of building and maintaining highways is received from general taxes such as income and sales taxes as it comes from fuel taxes or other "consumer fees" on drivers.

Thus,the government pays for the roads, schools, and emergency services by collecting taxes.

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Identify the difference between liquidity and marketability.

Answers

Answer:

Marketability describes an attribute of an investment that means it can be sold at any time. Liquidity describes an attribute of an investment that means it can be sold at any time close to the value of the original investment.

Explanation:

Answer:

Marketability: The likelihood that something will sell; market appeal.

The house has high marketability.

Liquidity: (uncountable) The state or property of being liquid.

(economics, countable) An asset's property of being able to be sold without affecting its value; the degree to which it can be easily converted into cash.

To understand how democracy developed in ancient Greece, you must examine the polis, which was the Greek word for a
The Greeks shared a language and culture, but each polis had a different government. In 509 BCE, Athens created a new set of rules that gave power to the people. The Greeks called this government a
Members of the Council of 500 were chosen

Answers

Answer:

To understand how democracy developed in ancient Greece, you must examine the polis, which was the Greek word for a city-state. The Greeks shared a language and culture, but each polis had a different government. In 509 BCE, Athens created a new set of rules that gave power to the people. The Greeks called this government democracy. Members of the Council of 500 were chosen randomly.

Answer:

city-state ,democracy ,randomly

Explanation:

just took the test on edge

It is a good idea to share you PIN and all passwords with friends and family, just in case you forget.
O True
O False

Answers

Answer:

that depends on your family, but it would be true, i would write them down, plus if you dont your parents would be stuck in a loop. (have a few private ones lol)

Explanation:

Name TWO organisations which typically offer
loans to small businesses.

Answers

Answer:

Kabbage: Best Overall.

Fundbox: Best Revolving Line of Credit

Explanation:

what is a withdrawal account classified as? (Asset, Liability,Owners equity,Revenue,or Expense account)

Answers

Answer:

Asset

Hope it helps.

Have a good day

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