chapter 6 & 13 review game budgets and housing. question 1 a plan for dividing up your income...

Chapter 6 & 13Chapter 6 & 13Review GameReview Game

Budgets and HousingBudgets and Housing

Question 1Question 1

A plan for dividing up your income spending and saving options is a ____.

a. short-term goal

b. budget

c. long-term goal

d. none of the above

AnswerAnswer

b. budget

Bonus QuestionBonus Question

On The Proud Family, what are the On The Proud Family, what are the twin’s first names?twin’s first names?

Bebe and CeceBebe and Cece


Things you hope to achieve in more than a year or two are ____.

a. short-term goals

b. long-term goals

c. budgets


AnswerAnswer

b. long-term goals


Are Lincoln Logs candy, toys or Are Lincoln Logs candy, toys or fireplace kindling?fireplace kindling?

ToysToys


Which of the following items are not actually luxury items?

a. jeans

b. brand name jeans

c. flared jeans

d. stone washed jeans

AnswerAnswer

a. jeans


What was the real-life name of the What was the real-life name of the whale who starred in 1993’s Free whale who starred in 1993’s Free

Willey?Willey?

KeikoKeiko


Successful budgeting successfully depends on how well you set your financial ____.

a. actions

b. goals

c. timings


AnswerAnswer

b. goals


Name the high school on Boston Name the high school on Boston Public?Public?

Winslow HighWinslow High


Which of the following is a fixed expense?

a. long distance telephone bill

b. monthly apartment rent

c. transportation to work


AnswerAnswer

b. monthly apartment rent


In a 2002 vote, what new M&M’s color In a 2002 vote, what new M&M’s color did consumers elect?did consumers elect?

PurplePurple


Although she earns enough money to do so, frequently Susan cannot pay all of her bills. Frustrated, she decides to document her income and spending habits for one month. This document is known as a(n) ____.a. budgetb. income statementc. financial goald. budget worksheet

AnswerAnswer

d. budget worksheet


On the animated series Fillmore!, in On the animated series Fillmore!, in what grade is safety patrol officer what grade is safety patrol officer

Cornelius Fillmore?Cornelius Fillmore?

SeventhSeventh


Hector's decision to save $40 a week in order to buy a VCR in two months is considered a ____.

a. long-term goal

b. trade-off

c. short-term goal

d. budget process

AnswerAnswer

c. short-term goal


Kurt Loder is an anchorman for what Kurt Loder is an anchorman for what network?network?

MTVMTV


Which of the following is not a flexible expense?

a. a new pair of jeans

b. car payment

c. a book for your sister

d. movie tickets

AnswerAnswer

b. car payment


What is the name of the 5-year old boy What is the name of the 5-year old boy Adam Sandler’s character adopts in Adam Sandler’s character adopts in

1999’s Big Daddy?1999’s Big Daddy?

JulianJulian


A person's budget is based upon ____.

a. short-term goals

b. career goals

c. long-term goals

d. all of the above

AnswerAnswer

d. all of the above


What network features Emergency What network features Emergency Vets, Pet Psychic, and Pet Star?Vets, Pet Psychic, and Pet Star?

Animal PlanetAnimal Planet


Deciding to save $200 a month for three years, in order to vacation in Europe, is an example of a ____.

a. fixed expense

b. short-term goal

c. long-term goal

d. both A and C

AnswerAnswer

c. long-term goal


Ads for what car manufacturer feature Ads for what car manufacturer feature the phrase “zoom-zoom”?the phrase “zoom-zoom”?

MazdaMazda


Which of the following is not part of an effective budget preparation process?

a. create a budget worksheet

b. estimate income

c. estimate expenses and savings

d. lump all expenses under

"miscellaneous"

AnswerAnswer

d. lump all expenses under

"miscellaneous"


The 2002 teen comedy Orange County The 2002 teen comedy Orange County is set in what state?is set in what state?

CaliforniaCalifornia


Buildings with rooms that colleges rent to its students at reasonable rates, usually in large complexes, are ____.

a. condominiums

b. dormitories

c. office buildings


AnswerAnswer

b. dormitories


In 1999, Sony introduced AIBO in In 1999, Sony introduced AIBO in Japan and the United States and sold Japan and the United States and sold all available units in four days. What is all available units in four days. What is

AIBO?AIBO?

A robot dogA robot dog


An apartment that is available with furniture is considered ____.

a. furnished

b. unfurnished

c. a condominium


AnswerAnswer

a. furnished


Tobey Maguire stars as what comic-Tobey Maguire stars as what comic-book superhero?book superhero?

Spider-ManSpider-Man


A small house, often on wheels, that is designed so that the owner can transport it to a rented space is known as a ____.

a. condominium

b. mobile home

c. dormitory


AnswerAnswer

b. mobile home


Name the starfish who is SpongeBob Name the starfish who is SpongeBob SquarePants’ best friend?SquarePants’ best friend?

PatrickPatrick


Sources for finding apartments for rent include ____.

a. family and friends

b. newspaper ads

c. the Internet

d. all of the above

AnswerAnswer

d. all of the above


On Oswald, what kind of animal is the On Oswald, what kind of animal is the octopus’s friend Henry?octopus’s friend Henry?

PenguinPenguin


A loan to buy real estate, such as land or a house, is called a ____.

a. mortgage

b. forwarding of mail

c. lease


AnswerAnswer

a. mortgage


In a 1998 Super Bowl ad, what product In a 1998 Super Bowl ad, what product does former Miss USA Ali Landry catch does former Miss USA Ali Landry catch

in her teeth?in her teeth?

DoritosDoritos


The collection of fees that cover the tasks of the lender in regard to your loan for the house is the ____.

a. finance charges

b. homeowner's fees

c. closing costs


AnswerAnswer

c. closing costs


What family’s misadventures are the What family’s misadventures are the subjects of National Lampoon’s subjects of National Lampoon’s

Vacation movies?Vacation movies?

The GriswoldsThe Griswolds


An increase in the value of a piece of real estate is ____.

a. depreciation

b. appreciation

c. mortgage


AnswerAnswer

b. appreciation


On Doug, what is Doug’s favorite music On Doug, what is Doug’s favorite music group?group?

The BeetsThe Beets


After his recent promotion, Karim examined his financial situation and determined that he had enough savings and earned enough money to purchase a home. He wants to purchase a home similar in size to an apartment so that he can take advantage of such facilities as swimming pool, tennis courts, and workout area. What can he purchase?a. small efficiency homeb. condominiumc. townhoused. none of the above

AnswerAnswer

b. condominium


Cannondale, Klein and Mongoose are Cannondale, Klein and Mongoose are brands of what type of sports brands of what type of sports

equipment?equipment?

BicyclesBicycles


While Jeanne and Grant were house hunting, they found a home with a purchase price of $65,000. At this point Jeanne and Grant's real estate agent will act on their behalf and present a formal document to the seller stating that they would be willing to purchase the home for $60,000. This formal document is known as a(n) ____.a. contractb. mortgagec. earnest documentd. offer

AnswerAnswer

d. offer


Chris Berman, Linda Cohn, and Dan Chris Berman, Linda Cohn, and Dan Patrick are anchors of what sports-Patrick are anchors of what sports-

information show?information show?

ESPN SportsCenterESPN SportsCenter


Although Ayasha has enjoyed living in an apartment complex, she believes she can now handle the responsibility of home ownership. She would like to purchase a type of home that will increase in value over time. Ayasha prefers a single family dwelling in a quiet neighborhood. Given her desires and her gross annual income of $36,000 with no other debt, what would be the best choice for Ayasha?a. a home costing $90,000b. a condo costing $40,000c. a mobile home costing $25,000d. a home costing $125,000

AnswerAnswer

a. a home costing $90,000


What home electronics product was What home electronics product was initially offered in blueberry, grape, initially offered in blueberry, grape,

lime, tangerine and strawberry?lime, tangerine and strawberry?

Apple IMacApple IMac


Javier and Catherine are first time homebuyers and can place a 10 percent down payment on a home costing $70,000. For what type of mortgage do they qualify?

a. fixed payment mortgage

b. VA mortgage

c. FHA mortgage

d. standard mortgage

AnswerAnswer

c. FHA mortgage


In the movies Herbie Rides Again, In the movies Herbie Rides Again, Herbie Goes to Monte Carlo, and Herbie Goes to Monte Carlo, and

Herbie Goes Bananas, who is Herbie?Herbie Goes Bananas, who is Herbie?

A Volkswagon BeetleA Volkswagon Beetle


This Saturday, Kendra and Chad will sign the contract to rent their first apartment together. In addition to paying the first month's rent, they will be expected to pay another $200. This money will be held to cover any damages that may occur to the apartment while they are renting it. This additional $200 is known as ____.a. renter's insuranceb. escrowc. a contract feed. a security deposit

AnswerAnswer

d. a security deposit


Since I debuted in 1959, I have been Since I debuted in 1959, I have been an astronaut, dentist and model. Who an astronaut, dentist and model. Who

am I?am I?

Barbie® DollBarbie® Doll


Although Juro and Matsuko have a limited combined income, they know their income will increase substantially once Matsuko completes her medical engineering degree. Rather than continue to live in an apartment, they have saved money toward the down payment on a home. What type of mortgage will allow them to make smaller payments now and larger ones later when their income does increase?a. fixed-rate mortgageb. graduated-payment mortgagec. adjustable-rate mortgaged. FHA mortgage

AnswerAnswer

b. graduated-payment mortgage


In Toy Story, what is the name of the In Toy Story, what is the name of the boy who owns Buzz and Woody?boy who owns Buzz and Woody?

AndyAndy


For five years Saleem and Tanesha have been paying on their home mortgage. Currently, they owe $75,000; however, the current market value of their home is $83,000. The difference between what their home is worth and what they owe on their mortgage is known as ____.a. depreciationb. earnest moneyc. principald. equity

AnswerAnswer

d. equity


What is the name of SpongeBob What is the name of SpongeBob Squarepants’ pet snail?Squarepants’ pet snail?

GaryGary


Roy and Larissa examine the different types of mortgages available to them. They want to finance their home mortgage for 30 years and prefer having the exact same payment every month so they can plan their long-term budget. What type of mortgage would be best for Roy and Larissa?a. graduated-payment mortgageb. fixed-rate mortgagec. adjustable-rate mortgaged. either A or C

AnswerAnswer

b. fixed-rate mortgage


What does ESPN stand for?What does ESPN stand for?

Entertainment and Sports Entertainment and Sports Programming NetworkProgramming Network


Buying a home would be a ____________________-term goal.

AnswerAnswer

long


In X-Men, what is Wolverine’s other In X-Men, what is Wolverine’s other name?name?

LoganLogan


When Brandon shopped for a new washer, the ____________________ provided him with the predicted cost of running that appliance so that he could compare one brand of washer with another one.

AnswerAnswer

energy label


Donruss, Topps and Upper Deck are Donruss, Topps and Upper Deck are brands of what?brands of what?

Trading cardsTrading cards


Wan-ying's mortgage company maintains a holding account to accumulate funds for taxes and insurance until those payments are actually due. This account is known as her ____________________.

AnswerAnswer

escrow account


On what classic family sitcom did the On what classic family sitcom did the star of That’s So Raven launch her star of That’s So Raven launch her

career?career?

The Cosby ShowThe Cosby Show


Reilly and Shirley's mortgage lender will charge them a service fee equal to 1 percent of the principal. This fee is similar to interest and is known as ____________________.

AnswerAnswer

points


On what game show do two families On what game show do two families guess the most popular answers to guess the most popular answers to

various surveys?various surveys?

Family FeudFamily Feud

chapter 6 & 13 review game budgets and housing. question 1 a plan for dividing up your income...

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longterm goald

shortterm goald

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budget worksheetanswerd

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persons budget

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