Financial Tech Exam Part 2: Question Preview (ID: 9820)


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Money or things you own
a) Assets
b) Liabilities
c) Fixed expenses
d) Variable expenses

Difference between planned income or spending and actual income or spending
a) Fixed expenses
b) Variable expenses
c) Assets
d) Variance

Debts
a) Assets
b) Fixed expenses
c) Variable expenses
d) Liabilities

Costs that can go up and down
a) Fixed expenses
b) Variable expenses
c) Variances
d) Assets

Requires warning labels be visible on products
a) FDA
b) HIPPA
c) FTC
d) Cigarette Labeling and Advertising Act

Protects investors and oversees securities market
a) HIPPA
b) FTC
c) FDA
d) SEC

Based on estimated cash inflows and outflows
a) Budget
b) Expenses
c) Income
d) Variances

Costs that do not change
a) Variable expenses
b) Fixed expenses
c) Assets
d) Liabilities

Enforces laws and prevents the selling of mislabeled foods, drugs, etc.
a) FDA
b) HIPPA
c) FTC
d) SEC

Restricts unfair methods of competition
a) FDA
b) HIPPA
c) FTC
d) SEC

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