-------------------------------------------------
Top of Form

Grading Summary These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. | Date Taken: | 3/7/2015 | Time Spent: | 21 secs | Points Received: | 20 / 20 (100%) | | Question Type: | # Of Questions: | # Correct: | Multiple Choice | 5 | 5 | | |

Grade Details - All Questions |

Question 1. | Question : | (TCO A) Estate planning involves | | | Student Answer: | | considering how your wealth can be most effectively passed on to heirs. | | | | payment of all back taxes. | | | | dissolution of all privately held corporations. | | | | valuation and auctioning of your valuables. | | | | planning retirements. | | Instructor Explanation: | Chapter 1 | | | | Points Received: | 4 of 4 | | Comments: | | | | Question 2. | Question : | (TCO A) The four stages of an economic cycle would not include | | | Student Answer: | | depression. | | | | expansion. | | | | recession. | | | | recovery. | | | | stagnation. | | Instructor Explanation: | Chapter 1 | | | | Points Received: | 4 of 4 | | Comments: | | | | Question 3. | Question : | (TCO A) The three parts of your balance sheet are | | | Student Answer: | | income, liabilities, and balance. | | | | assets, expenditures, and balance. | | | | assets, liabilities, and balance. | | | | assets, liabilities, and net worth. | | | | income, liabilities, and net worth. | | Instructor Explanation: | Chapter 1 | | | | Points Received: | 4 of 4 | | Comments: | | | | Question 4. | Question : | (TCO A) Your investment advisor wants you to purchase an annuity that will pay you $25,000 per year for 10 years. If you